VW EV Sales Pluge in EU & US But Maintain Course in China

Although overall VW Group deliveries were up 3% through the first three months of 2024, sales of electric cars fell in the quarter.

Volkswagen delivered 136,400 electric cars in Q1 2024, down 3% compared to last year. Despite solid growth in China (+91% YOY), its second-largest market, it wasn’t enough to offset weaker sales in Europe (-24%) and the US (-16%).

VW has a joint venture with Xpeng to develop EVs for China market space.

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