VW aims to overtake Tesla with huge electric push 15 Mar, 2021 10:30 PM 5 minutes to read VW is one a number of major automakers set to challenge Tesla in the coming years. Photo / Getty Images VW is one a number of major automakers set to challenge Tesla in the coming years. Photo / Getty Images Other By: Alan Tovey for the Telegraph Volkswagen plans to halve the cost of power systems for electric cars over the next decade in a massive investment push that could knock Tesla off its perch. The German giant will build six factories capable of producing 240 gigawatt hours of batteries a year in Europe over the next decade.