Volkswagen Group gets a lot of stick for not doing a better job of electrifying and leading the EV revolution. However, it’s doing better than most (or all?) other legacy automakers, especially in its home market of Europe.
Of course, Volkswagen has been losing sales in China rapidly. Even auto brands doing well in China (Chinese EV producers) have been having a tough year. Volkswagen is basically being quickly walked to the door and about to get the boot. Maybe. There is a glimmer of hope for the company in China. At home in Europe, on the other hand, things are going very well, and the success is being led by electric vehicles.
“In a persistently challenging market environment, the Volkswagen Group kept its deliveries outside of China stable overall in the first nine months. We recorded growth in South America and Europe. In our home market, we are seeing a significantly accelerated trend towards all-electric vehicles. The main reasons for this are the currently high fuel prices and the wider range of entry-level models,” Martin Sander, Member of the Group’s Extended Executive Committee for Sales, said. “This includes our Electric Urban Car Family, for which we received nearly 150,000 orders shortly after its launch. This is a tremendous success that underscores how these four vehicles have perfectly captured the spirit of the times. Overall, one in five of the models we’ve delivered in Europe is all-electric, and in our order book, that share is as high as around 40 percent.
Source link







