Volkswagen Group Sees 12% Growth in Deliveries in 2023, with Focus on Electric Vehicle Expansion

2024-01-12 19:38:00

BERLIN, Jan. 12 (Xinhua) — The Volkswagen Group recorded a 12 percent growth in deliveries in 2023 to reach 9.24 million vehicles, Germany’s largest automaker said on Friday.

“It is positive to see that all major brands and all regions are growing,” commented Oliver Blume, chief executive of the Volkswagen Group. The only exceptions in the passenger car segment are luxury brands Lamborghini and Bentley, whose deliveries total 23,700 vehicles, a decline of 3% year-on-year.

The group’s global sales of electric vehicles increased by 34.7%, reaching 771,000 units.

With Europe having announced a ban on new combustion engine vehicles from 2035, Volkswagen plans to significantly increase the proportion of electric vehicles in its fleet in the coming years. By 2025, this proportion should reach 30% in Europe, then 80% by the end of the decade.

China remains Volkswagen’s largest market, with deliveries up slightly to 3.24 million vehicles last year. Fully electric models were “also a growth driver here”, growing 23.2% to 191,800 units, the company said. END

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