2023-04-21 06:25:41 ET
The Volkswagen Group ( OTCPK:VWAGY ) reported 42% growth in all-electric vehicle sales in Q1 as compared to the prior year quarter on Friday.
In total, the German automaker said that it delivered 141,000 BEVs in the quarter, up from 99,200 in the first quarter of 2022. BEVs made up 6.9% of the auto groups total deliveries in Q1, bolstered by a surge in demand in Western Europe.
“Around 70 percent of the Group’s BEV deliveries went to its home region of Europe. China was the Group’s second-largest BEV market with deliveries of 21,500 vehicles. In the United States, 15,700 BEVs were delivered, almost twice as many as in the prior-year period,” the company said.
While China remained the second largest market for Volkswagen, total deliveries dropped 25.4% as compared to Q1 2022. Overall european deliveries rose 68.1% year over year. The ID.3, ID.4, and ID.5 models were noted as top sellers.
Read more on the company’s new ID.7 model .
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Volkswagen touts EV sales growth despite delivery decline in China