Volkswagen Group continues electric strategy in 2022

Worldwide
Published:  18 January, 2023
Credit: Volkswagen Group

The Volkswagen Group has reported its results for 2022, achieving a jump of all-electric vehicles of 26% over 2021.

Battery electric vehicle (BEV) share of Volkswagen sales for 2022 was 6.9%, up from 5.1% in 2021. Deliveries of all-electric vehicles totalled 572,100 units.

The group noted that it remains the BEV market leader in Europe and has reached fourth position in the U.S.. The strongest market increase for this segment was China, where deliveries were up by 68%.

Overall global deliveries for Volkswagen Group were down by 7% to 8.2 million vehicles, though an improved supply situation in the second half of 2022 resulted in an increase in deliveries of 12%, which helped to offset a drop of 22% in the first half of the year.

The company noted that its order bank currently totals 1.8 million vehicles in Western Europe alone, including 310,000 BEVs.

In Europe, overall deliveries fell by 10.4% to 3,153,200 vehicles, while BEV sales were up by 13.4% to 352,000 units. The majority of the group’s sales, at 2,711,300 vehicles, were shipped to Western Europe where the decline was less pronounced at 5.2%. BEVs were in high demand in this region and reached a share of 12.6% of all deliveries.

In Germany, the group’s home market, deliveries were up by 3.8% to 1,029,600 units, where the BEV share reached a level of 11.6%. Deliveries in Central and Eastern Europe declined significantly by 32.9% to 441,900 vehicles, which the company attributed to the effects of the war in Ukraine.

In North America, Volkswagen made 842,600, a decline of 7.2%, while the U.S. alone saw a similar decrease of 6.1% to 631,100 units. BEVs were up 18.8% to 44,200 units. The South American market was down by 8% to 473,700 vehicles while Brazil, the region’s largest market, recorded deliveries of 337,400 units, a decline of 10.4%. Asia-Pacific saw the smallest decline of the major regions at 2.7% to reach 3,514,000 vehicles. China recorded a decrease of 3.6% to 3,184,500 units.

In a statement, the company noted: “The Volkswagen Group is in the midst of its transformation from a car manufacturer to a software-driven provider of sustainable mobility. The electrification of its model range is a cornerstone to achieve that goal and to have a carbon-neutral balance sheet, at latest by 2050.

“Despite numerous challenges in the past three years, like semiconductor shortages and Covid-related lockdowns, the Group has pursued its electric path very consistently. The share of BEVs has been raised from 2.5% in 2020 to 5.1% in 2021 and then to 6.9% last year. In the course of 2022, additional sites in Emden, Hanover and Chattanooga started to produce BEVs.

“This year, the Group headquarters in Wolfsburg will follow. Therefore, the Group aims to reach a level of BEV deliveries of around 11% in 2023. This will be the base to achieve the medium-term goal of around 20% in 2025. By 2030, every second Group vehicle delivered globally is expected to be all-electric.”