VW Group boosts electrical vehicle profits by about 200%

The Volkswagen Team, through its most important makes, has amplified electrical vehicle profits by in excess of 200% in 2020.

VW Group’s EV revenue

2020 was a turning point in the Volkswagen Group’s electrification hard work with product sales of all-electric powered vehicles expanding by 214%, dwarfing plug-in hybrid gross sales.

VW marketed 231,600 all-electric motor vehicles in 2020.

Dr. Christian Dahlheim, head of Volkswagen Group income, commented:

The COVID-19 pandemic made 2020 an very tough year. The Volkswagen Team performed well in this ecosystem and strengthened its market placement. We are specifically pleased that we strike the ground running in our e-offensive in spite of the pandemic and so took a huge phase ahead in the implementation of our Together 2025+ strategy. We will maintain up the momentum this yr, introducing lots of more appealing electrical styles.

Listed here are the major 5 best providing all-electrical autos of the VW Group in 2020:

Volkswagen ID.3: 56,500 units
Audi e-tron: 47,300 units
Volkswagen e-Golfing: 41,300 models
Volkswagen e-up!: 22,200 models
Porsche Taycan: 20,000 units

We just reported on Audi advertising nearly 50,000 e-tron electric SUVs in 2020 and Porsche offering far more than 20,000 Taycan electrical cars in its to start with yr of manufacturing.

People effects ended up extremely excellent, but the VW ID.3 is the major contributing EV to the group’s final results in 2020.

The e-Golfing also experienced a superior calendar year, its final, as VW is going the manufacturing ability to the ID.3.

VW Group’s EV exertion in 2021

As Dahlheim stated, this sets Volkswagen’s momentum in electrical automobiles for 2021.

The Porsche Taycan and Audi e-tron will go it together, but automobiles like the ID.3 ought to drive it significantly bigger.

VW is envisioned to ramp up production and deliveries in 2021, and the ID.4 will be added to the blend globally.

Quite a few other Volkswagen-owned models are also introducing MEB-primarily based electric powered motor vehicles in 2021, which could outcome in a related a few-digit progress price in EV income for the brand this year.

Electrek’s Consider

Tesla nonetheless dominates when it arrives to volume, but 231,600 EVs is even now a great outcome that is solidifying VW as the legacy automaker most major about transitioning to electrical vehicles.

My self-assurance in them has been sturdy for many years, and it stems from their early hard work to safe battery cell supply. Which is the most effective way to see if an automaker is serious about acquiring volume generation of electric cars.

VW has been generating terrific moves on that front, with offer bargains with all the main mobile suppliers and financial investment in new production from startups like Northvolt and QuantumScape.

These moves will enable them to increase their EVs significantly in the subsequent couple of several years.

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