Volkswagen Prepares For Europe's 2035 Fossil-Fuel Car Ban: Report
Portfolio Pulse from Nabaparna Bhattacharya
Volkswagen AG is reportedly prepared for Europe's 2035 ban on new sales of fossil-fuel cars, as it ramps up its electric vehicle lineup. The company plans to reduce its battery expenses through a 50% drop in cost at the cell level via its partnerships in China. In the first half of the year, Volkswagen led the European market in the BEV segment, with deliveries increasing by 68% to 217,100 vehicles. However, in China, first-half deliveries were around 2% below the previous year's level.
September 04, 2023 | 4:48 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Volkswagen's preparation for the 2035 fossil-fuel car ban in Europe and its strategy to reduce battery costs could potentially boost its position in the electric vehicle market. However, a decrease in deliveries in China could impact its overall performance.
Volkswagen's strategic preparation for the 2035 fossil-fuel car ban in Europe and its plans to reduce battery costs through partnerships in China could potentially strengthen its position in the electric vehicle market. However, the reported decrease in deliveries in China, a major market for electric vehicles, could negatively impact its overall performance and growth in the EV sector.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Volkswagen's preparation for the 2035 fossil-fuel car ban in Europe and its strategy to reduce battery costs could potentially boost its position in the electric vehicle market. However, a decrease in deliveries in China could impact its overall performance.
Volkswagen's strategic preparation for the 2035 fossil-fuel car ban in Europe and its plans to reduce battery costs through partnerships in China could potentially strengthen its position in the electric vehicle market. However, the reported decrease in deliveries in China, a major market for electric vehicles, could negatively impact its overall performance and growth in the EV sector.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100