Analysis suggests electric operations will become rapidly more profitable than petrol and diesel arms within five years The world’s largest traditional carmakers could improve their profit margins and boost their value to investors by accelerating the transition to electric cars in the next decade, a new analysis has found. The electric carmaking operations of Toyota, Volkswagen,
Volkswagen is “basically sold out” of electric cars for this year in Europe and the USA, according to Group CEO Herbert Diess, as persistent bottlenecks in the supply chain are affecting global production. In the first quarter, the Wolfsburg-based group handed over 99,100 BEVs to customers worldwide across all brands. In Western Europe alone, the order
From Mazda to Mini, Vauxhall to Volkswagen, these are the EVs to buy on a budget “The Fortwo is like a hypercar. And not just ‘cos it’s a two-seater. We mean that it’s great in its chosen environment, and pretty rubbish elsewhere. In crowded streets it’s agile like a little kitten, as parkable as your
Several automobile manufacturers have made pledges in recent months to halt or drastically reduce producing cars with internal combustion engines between 2030 and 2035. The latest was Audi, a subsidiary of Germany’s Volkswagen, which pledged Tuesday to launch only fully electric vehicles from 2026 and halt manufacturing cars with internal combustion engines by 2033. Here’s
In the wake of 2015’s dieselgate scandal, Volkswagen’s image was sorely in need of a makeover. The company’s brutal attack on the principles of corporate social responsibility made it for some time a pariah in the eyes of much of the public, although its sales were never affected. So Volkswagen’s management decided to commit to
Our second go with VW’s upcoming EV leaves us convinced that electrification is the way forward. It’s been a long time coming, but the 2021 Volkswagen ID 4 EV is nearly here. That is, nearly ready for patient buyers to actually take the things home and experience what VW can do when it makes up
Morgan Stanley analyst Adam Jonas wrote in a note to clients on Friday that global EV sales will grow 50% or more next year, while sales of internal combustion engine vehicles are expected to grow 2% to 5%. He also predicted that global EV penetration will rise from 4% to 31% by 2030. Those predictions
Competitive EV hatchback is pleasing to drive and attractive to sit in – but doesn’t change the game What is it? “Can I be geeky and take a closer look?” asks a man charging his Nissan Leaf, no sooner than I’ve plugged the VW ID 3 into an Instavolt charger in Banbury. Why of course
Demand for electric cars is on the rise in Europe and elsewhere around the world, prompting BMW to ramp up production of the i3 and VW to build the e-Golf for longer than originally planned. BMW has significantly increased production capacity compared to the original plan for the second half of 2020 at its Leipzig
In what is perhaps the clearest sign that German carmaker Volkswagen is not joking around when it comes to its plans of becoming the planet’s largest electric car producer, the group announced at the end of last week a major shift in the production plan of its factory in Zwickau, Germany. Having rolled its lines
