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NO WAY OUT! Volkswagen Faces its Biggest EV DISASTER Yet... It’s Just Getting Started!
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NO WAY OUT! Volkswagen Faces its Biggest EV DISASTER Yet... It’s Just Getting Started!
Welcome back to the channel! If you thought Volkswagen’s 2015 Dieselgate scandal, which cost the company over $30 billion, was the worst thing to happen to the German automaker, think again. Volkswagen is facing a new, much larger crisis—one that could have lasting consequences for the company’s future. Their ambitious plans to transition quickly to electric vehicles (EVs) are crumbling, and it looks like the storm is just getting started. In this video, we’ll break down six key reasons why Volkswagen is heading toward its biggest EV disaster yet. Let’s dive in.
If you liked this video, please give it a thumbs up and subscribe to our channel. Also, leave your comments below
Volkswagen Continues to Invest in Combustion Engines
Volkswagen made headlines by being one of the first legacy automakers to dive headfirst into electric cars. While companies like Toyota took a more cautious approach, Volkswagen went all-in, betting that a fast switch to EVs was the only way to survive the transition. They even developed a dedicated EV platform and introduced the ID lineup of electric vehicles, which includes popular models like the ID.3, ID.4, and ID. Buzz.
But now, it’s becoming clear that things aren’t going according to plan. The growth of the EV market has stalled, especially in key regions like Europe and North America, and automakers are delaying their plans to go fully electric. Volkswagen had initially aimed to become an all-electric automaker by 2033, but now that goal seems out of reach.
In fact, despite all the hype around EVs, Volkswagen is still heavily invested in internal combustion engine (ICE) technology. For years, the company has allocated one-third of its research and development (R&D) budget to ICE vehicles, and that’s not changing anytime soon. According to Arno Antlitz, Volkswagen’s Chief Financial Officer, the company will continue to invest heavily in combustion engines, spending an eye-popping $65 billion on ICE technology this year alone.
The message is clear: while the future may be electric, the past isn’t over. Volkswagen’s decision to maintain a significant focus on combustion engines signals that they aren’t fully committed to an all-electric future—and that could be a major problem.
Troubles in China
The second major issue facing Volkswagen is its performance in China, the world’s largest and most important EV market. Unlike the slow adoption of EVs in places like the U.S., China has embraced electrification at a rapid pace. Chinese automakers have advanced EV technology, and the country boasts the most developed charging infrastructure in the world.
Despite these favorable conditions, Volkswagen is struggling. For the first time in over a decade, the company is no longer the market leader in China. That title now belongs to BYD, one of China’s biggest homegrown EV brands. While Volkswagen’s year-on-year growth in China’s EV market sits at 23%, the segment average is 36%. It’s clear that Volkswagen is falling behind its competitors, and Chinese customers are losing faith in the brand’s electrification efforts.
To make matters worse, a tragic accident last summer, where four passengers died in an all-electric Volkswagen vehicle, severely damaged the brand’s reputation. Although EV adoption in China continues to grow, Volkswagen’s share of the market is shrinking. Foreign automakers in general are facing declining sales in China, with the market share of non-Chinese brands dropping from 64% in 2020 to just 44% today.
Volkswagen has tried to stay competitive by participating in a price war, but this hasn’t yielded significant results. Currently, Volkswagen offers three electric models in China—the ID.3, ID.4, and ID.6—but they’re failing to keep pace with more affordable and competitive domestic options.
A brief pause: your likes are the elixir that fuels the creation of more riveting videos; don't withhold it. Shower us with your likes.
New Partnerships for Cost Efficiency
Volkswagen’s struggles with electrification don’t end with slowing market growth—they’re also facing huge financial losses. Despite their aggressive push into EVs, the company has yet to reach the point of profitability. The losses are piling up, and Volkswagen has had to rethink its strategy.
One of the ways they hope to cut costs and speed up production is by forming partnerships with other automakers. By sharing technology and development resources, Volkswagen is trying to make electric cars more affordable and appealing to the masses. We’ve already moved past the "early adopters" phase, and the challenge now is to produce EVs that are as cost-effective as their combustion-powered counterparts.
Volkswagen is actively seeking reliable partners to help achieve this goal.
#electriccar
#vw
#volkswagen
#evnews
#evcars
#ev
Welcome back to the channel! If you thought Volkswagen’s 2015 Dieselgate scandal, which cost the company over $30 billion, was the worst thing to happen to the German automaker, think again. Volkswagen is facing a new, much larger crisis—one that could have lasting consequences for the company’s future. Their ambitious plans to transition quickly to electric vehicles (EVs) are crumbling, and it looks like the storm is just getting started. In this video, we’ll break down six key reasons why Volkswagen is heading toward its biggest EV disaster yet. Let’s dive in.
If you liked this video, please give it a thumbs up and subscribe to our channel. Also, leave your comments below
Volkswagen Continues to Invest in Combustion Engines
Volkswagen made headlines by being one of the first legacy automakers to dive headfirst into electric cars. While companies like Toyota took a more cautious approach, Volkswagen went all-in, betting that a fast switch to EVs was the only way to survive the transition. They even developed a dedicated EV platform and introduced the ID lineup of electric vehicles, which includes popular models like the ID.3, ID.4, and ID. Buzz.
But now, it’s becoming clear that things aren’t going according to plan. The growth of the EV market has stalled, especially in key regions like Europe and North America, and automakers are delaying their plans to go fully electric. Volkswagen had initially aimed to become an all-electric automaker by 2033, but now that goal seems out of reach.
In fact, despite all the hype around EVs, Volkswagen is still heavily invested in internal combustion engine (ICE) technology. For years, the company has allocated one-third of its research and development (R&D) budget to ICE vehicles, and that’s not changing anytime soon. According to Arno Antlitz, Volkswagen’s Chief Financial Officer, the company will continue to invest heavily in combustion engines, spending an eye-popping $65 billion on ICE technology this year alone.
The message is clear: while the future may be electric, the past isn’t over. Volkswagen’s decision to maintain a significant focus on combustion engines signals that they aren’t fully committed to an all-electric future—and that could be a major problem.
Troubles in China
The second major issue facing Volkswagen is its performance in China, the world’s largest and most important EV market. Unlike the slow adoption of EVs in places like the U.S., China has embraced electrification at a rapid pace. Chinese automakers have advanced EV technology, and the country boasts the most developed charging infrastructure in the world.
Despite these favorable conditions, Volkswagen is struggling. For the first time in over a decade, the company is no longer the market leader in China. That title now belongs to BYD, one of China’s biggest homegrown EV brands. While Volkswagen’s year-on-year growth in China’s EV market sits at 23%, the segment average is 36%. It’s clear that Volkswagen is falling behind its competitors, and Chinese customers are losing faith in the brand’s electrification efforts.
To make matters worse, a tragic accident last summer, where four passengers died in an all-electric Volkswagen vehicle, severely damaged the brand’s reputation. Although EV adoption in China continues to grow, Volkswagen’s share of the market is shrinking. Foreign automakers in general are facing declining sales in China, with the market share of non-Chinese brands dropping from 64% in 2020 to just 44% today.
Volkswagen has tried to stay competitive by participating in a price war, but this hasn’t yielded significant results. Currently, Volkswagen offers three electric models in China—the ID.3, ID.4, and ID.6—but they’re failing to keep pace with more affordable and competitive domestic options.
A brief pause: your likes are the elixir that fuels the creation of more riveting videos; don't withhold it. Shower us with your likes.
New Partnerships for Cost Efficiency
Volkswagen’s struggles with electrification don’t end with slowing market growth—they’re also facing huge financial losses. Despite their aggressive push into EVs, the company has yet to reach the point of profitability. The losses are piling up, and Volkswagen has had to rethink its strategy.
One of the ways they hope to cut costs and speed up production is by forming partnerships with other automakers. By sharing technology and development resources, Volkswagen is trying to make electric cars more affordable and appealing to the masses. We’ve already moved past the "early adopters" phase, and the challenge now is to produce EVs that are as cost-effective as their combustion-powered counterparts.
Volkswagen is actively seeking reliable partners to help achieve this goal.
#electriccar
#vw
#volkswagen
#evnews
#evcars
#ev
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