BMW achieved a significant milestone in Q1 with surging EV sales, surpassing competitors. Mercedes sold 47,500 BEVs, down 8% YoY, out of 568,400 total vehicles in Q1, down 6% YoY. VW Group faced a 3.3% decline in BEV sales to 136,400 in Q1, with a 24.3% drop in Europe. VW cut prices to boost EV and combustion engine car deliveries to China. The electric vehicle revolution faces challenges as sales decline, with concerns about market competitiveness and government influence.
Opinion | The Biden administration’s biased electric vehicle agenda https://t.co/hWAbu2HBgf
EV Sales Revved Up. Now, Buyers Are Pumping the Brakes. https://t.co/8koFedD4ch
⚠️ GLOBAL EV SALES UP 12% IN MARCH, DOWN 9% IN EUROPE, RHO MOTION SAYS Full Story → https://t.co/3gjcsNROVb
"In #Europe the picture is gloomier...#VW recorded a significant decline of almost a quarter in EV deliveries there, incl its home market of #Germany where subsidies offered to consumers to buy electric were cut end of '23" https://t.co/VwTlaXVLFG
Hybrid vehicle sales revving up as EV demand sputters https://t.co/xUX0ki2Q9N
"The electric vehicle revolution is running out of steam" https://t.co/dMPjfUcvfF "investors worry that governments are pushing carmakers into untested territory and capital is being misallocated" https://t.co/1yiPlaeQ9O
Volkswagen struggles to draw in a crowd for electric vehicles as sales drop by a third https://t.co/OAlR82Mt1Z
"#China’s domestic market is experiencing a fierce price war bt legacy carmakers & newer rivals such as #BYD & #Tesla...Analysts said #VW had lowered its prices to retain market share, which the carmaker called “customary & time-limited marketing measures” https://t.co/QnWDkfbcqY
VW and Porsche's electric car sales dipped, but the new Macan EV and ID.4 spark hope https://t.co/7qIcFZVSu1 by @EVPeteJohnson
What's happening to electric vehicle sales? | DW Business https://t.co/vZDIRCzKsC via @YouTube
VW cuts price of EV and combustion engine cars to boost deliveries to China https://t.co/UjGABjVqy6
The electric vehicle revolution is running out of steam https://t.co/nHTBQA3oRD | opinion
The electric vehicle revolution is running out of steam https://t.co/lx99WpTULI
NEWS: VW Group's battery electric vehicle (BEV) sales declined 3.3% year-on-year in Q1 2024 to just 136,400. In VW Group's largest BEV market Europe, the company experienced a 24.3% year-on-year decline. https://t.co/19HZuNH2Sb
NEWS: Mercedes sold 47,500 BEVs in the first quarter of 2024, down 8% YoY. Overall, Mercedes sold 568,400 vehicles in Q1, down 6% YoY. https://t.co/gMqAVQVhBg
BMW just hit a major EV milestone as Q1 electric vehicle sales surge, outpacing rivals https://t.co/2W5kmFIpiX by @EVPeteJohnson