Overview
- Volkswagen reported 2.05 million global deliveries in Q1, down 4%, with 200,000 battery-electric cars, down 8%.
- BMW delivered 565,748 vehicles in the quarter, down 3.5%, and 87,458 electric cars, down about 20%.
- EV sales diverged by region as Volkswagen’s BEV deliveries fell about 64% in China and 80% in the U.S., while Europe rose 11.5% and lifted Western Europe’s BEV share to 20%.
- Volkswagen is halting ID.4 production in the U.S. and shifting capacity to Atlas SUVs, as BMW points to more than 50,000 European iX3 orders that it says will rebuild EV momentum.
- Companies and industry data tie the declines to the end of EV purchase incentives in China and the U.S., tougher Chinese competition, and higher U.S. import tariffs, even as Europe emerges as a relative bright spot.