German carmaker Volkswagen said it delivered 4.56 million vehicles in 2022. This is down 6.8% from the year before, as a "strained supply situation" led to a backlog of orders.
On the upside, sales of Battery Electric Vehicles (BEVs) were up roughly 23.6%.
"We achieved a solid sales result in 2022 despite persistent supply bottlenecks," Imelda Labbé, board member for sales, marketing and after sales for Volkswagen, said in a press release. "The pronounced growth in BEV models confirms that with our attractive product portfolio, we are on the right track to becoming the most desirable brand for sustainable mobility.”
The company said the order backlog "remains very high," with 640,000 customers having placed orders in Europe alone.
Volkswagen entered the electric vehicle market in 2020 with the ID.3, and has since delivered 580,000 units. The company announced the latest ID model, the ID.7, at the Consumer Electronics Show (CES) last week. The electric sedan is intended to help Volkswagen extend its line-up of electric vehicles into the "upper middle class high-volume segment."
"The roadmap is clear: with the ACCELERATE strategy, Volkswagen is stepping up the pace of its electric campaign with ten new electric models by 2026," the company said.
Melania Trump says it’s “heartbreaking” to see teens grapple with the fallout after they’re targeted by malicious and sexually explicit online content.
A satellite company owned by Elon Musk has the inside track to potentially take over a large federal contract to modernize the nation’s air traffic system.
From breakthrough vodka to sustainable jet fuel, Air Company's CEO takes us inside their Brooklyn research lab and talks the future of carbon technology
Open Water CEO, Nicole Doucet, joins Cheddar to discuss how her company is working to eliminate plastic bottles and why aluminum is better for the environment.
U.S. tech giants have quietly empowered Israel to track and kill many more alleged militants more quickly in Gaza and Lebanon through a sharp spike in AI.
