Volkswagen Group Sees Surge in Electric Vehicle Orders in Europe
Nearly 40% of the Volkswagen Group's European order book now consists of fully electric vehicles, driven by new affordable models and high fuel prices.
Nearly 40% of the Volkswagen Group's European order book now consists of fully electric vehicles, driven by new affordable models and high fuel prices.
· Updated
The Volkswagen Group is experiencing a significant acceleration in the adoption of electric vehicles within Europe. Last month, approximately 40% of the group's European orders were for 100% electric models, a notable increase from previous periods. This trend is being fueled by a combination of persistently high fuel prices and the introduction of a wider range of entry-level electric vehicles.
Among the popular new offerings is the Electric Urban Car Family, which includes models like the VW ID. Polo and ID. Cross02, Škoda Epiq, and CUPRA Raval. Shortly after their launch, these vehicles garnered nearly 150,000 orders, indicating strong customer demand and a successful capture of current market sentiment.
Overall, the Volkswagen Group has maintained stable deliveries in Europe outside of China during the first nine months of the year, with growth recorded in South America as well. The company's electric vehicles are a key driver of this performance, with one in five models delivered in Europe being all-electric.
Globally, the group's deliveries were approximately 9% lower than the same period last year. However, in China, new locally developed electric models are beginning to show positive momentum in a declining market, with electrified vehicle deliveries increasing by approximately 30% in the third quarter compared to the previous year.
FAQ
What percentage of Volkswagen Group's European orders are electric vehicles?
Approximately 40% of the Volkswagen Group's European order book consists of fully electric vehicles.
What is driving the increased demand for electric vehicles in Europe?
The increased demand is driven by high fuel prices and a wider range of entry-level electric models, including the new Electric Urban Car Family.