VW is accelerating in its electrification strategy
- The sales results of the Volkswagen brand's all-electric models are not in line with the carmaker's targets, nor with what is expected of models from this brand, one of the highest-volume brands in the world. Of the Volkswagen ID3, ID4, ID5 and ID Buzz, 80,000 units were sold in Europe in the first nine months of 2022, 80,000 in China and 15,000 in the rest of the world, for a total of 175,000, plus 30,000 ID6s sold only in China.
- The discontinued electric Up! will be replaced by ID1 and ID2 in 2025. If you compare Volkswagen's 205,000 sales with those of Tesla (1,075,000 sales in 9 months 2022), BYD (580,000 sales) or Wuling (380,000 units), you see that the gap in the global BEV market is clearly to Volkswagen's disadvantage.
- Volkswagen therefore now wants to accelerate its switch to electric vehicles. One of the first decisions to move in this direction is the announcement of a major electric production unit at the Wolfsburg site. If the German brand wants to produce battery electric vehicles (BEVs) in Europe by 2035, the Zwickau, Emden and Hanover sites will not be sufficient to achieve this goal. The Wolfsburg plant is now added to the production of BEVs, not only for the Trinity project (which has been postponed), but for the compact ID3, ID4, ID5 series and their successors.
- BEVs production is expected to start in 2023, accelerate in 2024 and 2025, and reach a total of 100% of vehicles produced in Wolfsburg in 2033. In 2022, the Volkswagen brand produced 1.5 million vehicles in Europe. The manufacturer's objective is to produce 1.5 million BEVs in Europe between 2033 and 2035, one third of them in Wolfsburg.
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