Volkswagen has reported a stabilization in its global vehicle deliveries for the first half of 2024 (H1), with figures closely mirroring those of the previous year.
The automaker delivered 4.25 million vehicles worldwide, indicating flat growth compared to H1 2023. However, its electric vehicle (EV) sales experienced a modest decline, with 317,200 EVs delivered compared to 321,600 in the same period last year.
Despite this, Volkswagen noted a significant uptick in orders for all-electric vehicles in Western Europe, marking a 124% increase year-on-year. This surge suggests a growing preference for electric mobility in the region, albeit amid broader challenges.
The company’s Brussels facility, which hosts Audi’s operations, faces potential closure due to sluggish demand for luxury electric vehicles like the Audi Q8 e-tron.
This downturn has prompted Volkswagen to reassess production strategies and consider alternative uses for the facility, with estimated costs for repurposing reaching up to $2.8 billion in the 2024 financial year.
Industry analysts attribute the slowdown in EV adoption to high pricing barriers, prompting automakers to focus on developing more affordable electric models. Volkswagen has acknowledged this market shift and plans to intensify efforts in producing cost-effective electric vehicles to meet evolving consumer preferences.
🌎 First half of 2024: same delivery-level as 2023.
Three key facts:
● Global deliveries: 4.35m (H1 2023: 4.37m)
● All-electric vehicles slightly below 2023 (317,200 vehicles vs. 321,600 vehicles)
● West-EU orders, all-electric vehicles: +124% (H1 2024 vs. H1 2023)— Volkswagen Group (@VWGroup) July 10, 2024
