Monday, April 22, 2024

"Volkswagen electric car sales plunge: Why are Europeans returning to petrol?"

From EuroNews, April 11:

Sales of Volkswagen electric vehicles in Europe fell by almost a quarter in the first three months of the year as consumers returned to petrol.

The company said in its latest financial update on 10 April that sales of all-electric vehicles declined by 24% in Europe, while sales grew by 91% in China, year-over-year.

However, overall, the company said it increased its vehicle deliveries by 3% to 2.10 million vehicles with the main drivers being China, South America and North America.

"Vehicles with combustion engines increased by 4% to 1.97 million units, overcompensating the slight decline of 3% to 136,400 all-electric vehicles (BEV). In this segment, strong growth in China (+91%) did not fully offset the decline in Europe (-24%)....