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The German car giant expects sales to increase by 3% through 2024.
This is a sharp drop from the previous year, when deliveries rose 12% to 9. 24 million vehicles.
VW blames the gloomy economic outlook and increasing competition, but adds that this will continue into the next year.
The automaker joins its rivals in warning ahead of a difficult year.
Last month, Stellantis predicted a “turbulent” 2024.
However, VW expects an increase in vehicle orders in Western Europe in the coming months thanks to new models, adding all-electric models.
The company recently unveiled the electric ID. 7 and plans to launch a record 30 more new models this year.
He said he had “started the new year with a clear positive trend” from the start of last year.
New EV launches come as EV demand growth slows.
German rival Mercedes-Benz announced last month that it would delay its electrification target by five years.
And it would continue to renew the combustion engine models.
VW CEO Oliver Blume says EVs are “the future, period”
HISTORY: Volkswagen expects sales to slow this year.
The German car giant expects sales to increase by 3% through 2024.
This is a sharp drop from the previous year, when deliveries rose 12% to 9. 24 million vehicles.
VW blames the gloomy economic outlook and increasing competition, but adds that this will continue into the next year.
The automaker joins its rivals in warning ahead of a difficult year.
Last month, Stellantis predicted a “turbulent” 2024.
However, VW expects an increase in vehicle orders in Western Europe in the coming months thanks to new models, adding fully electric models.
The company recently unveiled the electric ID. 7 and plans to launch a record 30 more new models this year.
He said he had “started the new year with a clear positive trend” from the start of last year.
New EV launches come as EV demand growth slows.
German rival Mercedes-Benz announced last month that it would delay its electrification target by five years.
And it would continue to renew the combustion engine models.
VW CEO Oliver Blume said cars were “the future, period. “
But he added that the automaker is “flexible enough to adapt to adjustments in other markets. “