Volkswagen Group Increased Global BEV Sales In Q1 2023 By 42% via insideevs.com
The Volkswagen Group reports 2,040,600 global vehicle sales during the first quarter of 2023 . Things are starting to improve, but the company has still a long way to achieve pre-lockdown levels .
Let's now take a look at the battery-electric vehicle sales, which are increasing much faster than general sales.In Q1, Volkswagen Group's all-electric vehicle sales amounted to 141,000 , which is 6.9 percent of the total volume . It means that nearly one in nearly 15 new vehicles was all-electric.The Q1 was a bit slower than Q3 and noticeably slower than Q4 of 2022 , but sales usually increase throughout the year and reach new records in the fourth quarter.
This year, there is a chance for 0.9-1.0 million units, although a lot depends on whether the German manufacturer will be able to accelerate production. The medium-term goal is around 20 percent share by 2025, and roughly half of the total volume by 2030.Europe remains the largest BEV market for the Volkswagen Group, with 98,300 units . That's nearly 70 percent of the total volume.
In the United States, sales almost doubled to 15,700, but an interesting thing is what is happening in China. Sales decreased quite noticeably, by over 25 percent year-over-year to 21,500. That's a very worrying sign - after all, China was the second-largest market for the group and the largest plug-in car market globally.
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