Europe’s largest automaker is struggling to keep up as the industry goes electric. Although Volkswagen’s EV sales climbed in September, new orders are failing to keep up.
Volkswagen sold 531,500 electric vehicles in the first nine months of the year, up 45% compared to last year (366,600).
The automaker’s EV share reached 9% in the third quarter, primarily from growth in Europe. Of the over 530K EVs sold this year, 341,100 (64%) were delivered in Europe.
The US saw the second highest growth, with 50,300 deliveries, representing 74% growth over last year. VW’s momentum in Europe and China helped offset sluggish sales in China, its most important market.
Volkswagen’s EV deliveries picked up in China (+11%) in Q3 after slipping 1.6% through June. The company has delivered 117,100 EVs (+4% YOY) in China through the first nine months of the…