QS - Volkswagen Reports Doubled Electric Vehicle Orders in Europe

German automaker Volkswagen has revealed that its electric orders in Europe increased in Q1 2024 compared to the first quarter of 2023, shooting up by more than two times through the first three months of the year. The recent announcement counters the increasing reports of waning electric vehicle demand among consumers pressured by rising interest rates and unable to meet high electric vehicle prices.

According to Volkswagen’s most recent earnings statement, customers in Europe ordered more than double the electric vehicles ordered in...

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