{"id":285966,"date":"2023-11-01T12:53:35","date_gmt":"2023-11-01T11:53:35","guid":{"rendered":"https:\/\/climatescience.press\/?p=285966"},"modified":"2023-11-01T12:53:39","modified_gmt":"2023-11-01T11:53:39","slug":"volkswagen-says-ev-orders-are-down-50-in-europe","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=285966","title":{"rendered":"Volkswagen says EV orders are down 50% in Europe"},"content":{"rendered":"\n
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Meanwhile, Volkswagen CFO and COO Arno Antlitz explained on a media call that EV orders in Europe are down to\u00a0150,000. That\u2019s 50% lower than last year\u2019s total of 300,000.<\/em><\/strong><\/p>\n\n\n\n

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After releasing its results for the first nine months of the year,\u00a0Volkswagen\u2019s<\/a>\u00a0CFO said EV orders are down 50% in Europe. VW\u2019s order intake fell short, attributed to a slowdown in the overall market, says electrek.co<\/a><\/p>\n\n\n\n

The Volkswagen Group announced Thursday that EV deliveries increased by 45% YOY, reaching 531,500 in the first nine months<\/a> of the year.<\/p>\n\n\n\n

VW\u2019s EV sales share stood at 9% in the third quarter for a total of 7.9% through September. The company said it remains on track to hit its (previously lowered) annual target of 8-10%.<\/p>\n\n\n\n

Europe was Volkswagen\u2019s biggest EV market, accounting for over 341,000 electric models (+61%) sold through September. China, the automaker\u2019s biggest market in terms of profits, was next with 117,100 models sold (+4%). EV deliveries in the US rose 74% to 50,300.<\/p>\n\n\n\n

Meanwhile, Volkswagen CFO and COO Arno Antlitz explained on a media call that EV orders in Europe are down to 150,000. That\u2019s 50% lower than last year\u2019s total of 300,000.<\/p>\n\n\n\n

Europe accounts for over 64% of Volkswagen\u2019s EV deliveries so far this year. Although deliveries grew slightly in China, Antlitz said the company could lose EV market share until new models built with XPeng begin rolling out.<\/p>\n\n\n\n

Volkswagen EV orders fall in Europe<\/h2>\n\n\n\n

Despite EV orders falling significantly from last year in Europe, Volkswagen began seeing intake pick up in the third quarter.<\/p>\n\n\n\n

Antiliz said although order intake was below targets, delivery momentum was expected to continue. He attributed the lower demand to the overall market trend.<\/p>\n\n\n\n

Hildegard Wortmann, who oversees VW\u2019s marketing and sales,\u00a0explained earlier this month<\/a>, \u201cOur order intake is below our ambitious targets due to the lower-than-expected overall market trend.\u201d<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The VW spokesperson attributed the third-quarter growth to a high backlog waiting to be processed. He said that supply chain and logistics kinks are being smoothed out, leading to shortened delivery times.<\/p>\n\n\n\n

Volkswagen lowered guidance earlier this year from 11% EV sales share to 8-10%. The automaker\u2019s struggles led to\u00a0production cuts<\/a>\u00a0in Germany last month over slowing demand.<\/p>\n\n\n\n

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Volkswagen ID.4 Pro (Source: VW)<\/figcaption><\/figure>\n\n\n\n

The company hopes the\u00a0\u201crefreshed\u201d ID.4 and ID.5<\/a>, VW\u2019s top-selling EVs, will help turn things around. The new models come with a new electric drive and battery, providing more range in addition to a modern infotainment.<\/p>\n\n\n\n

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Volkswagen ID.7 (Source: VW)<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

Read the full story here<\/a><\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

Meanwhile, Volkswagen CFO and COO Arno Antlitz explained on a media call that EV orders in Europe are down to\u00a0150,000. That\u2019s 50% lower than last year\u2019s total of 300,000. After releasing its results for the first nine months of the year,\u00a0Volkswagen\u2019s\u00a0CFO said EV orders are down 50% in Europe. VW\u2019s order intake fell short, attributed […]<\/p>\n","protected":false},"author":121246920,"featured_media":285977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"Meanwhile, Volkswagen CFO and COO Arno Antlitz explained on a media call that EV orders in Europe are down to\u00a0150,000. That\u2019s 50% lower than last year\u2019s total of 300,000.","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818583,691824148,691818051,691824150,691824151,691824149,691820695],"class_list":{"0":"post-285966","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-europe","9":"tag-ev-orders","10":"tag-germany","11":"tag-logistics","12":"tag-production-cuts","13":"tag-supply-chain","14":"tag-volkswagen","16":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/0DB2018AL02326_large.webp?fit=1920%2C1080&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1com","jetpack-related-posts":[{"id":231936,"url":"https:\/\/climatescience.press\/?p=231936","url_meta":{"origin":285966,"position":0},"title":"\u201aPractically 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