The market for electric vehicles is set to explode, with projections that by 2025, over 11 million electric vehicles will be sold globally. That's an astronomical growth rate, considering that only around 1.3 million electric vehicles were sold worldwide in 2020.
Many automakers are rapidly working towards developing and launching electric vehicles, and Volkswagen is among them. In this article, we'll investigate the consumer adoption of Volkswagen electric cars and compare it to other brands.
Let's take a look at Volkswagen's current electric car lineup before diving into how well they're performing. Volkswagen offers several electric cars, including:
The Volkswagen ID.3, launched in late 2020, is the company's first vehicle built from scratch with electric power in mind. Volkswagen intends to offer the ID.3 in various battery sizes, ranging from 45 kWh to 77 kWh.
The Volkswagen ID.4, launched in the US in early 2021, is an all-electric SUV that offers a range of around 250 miles per charge. That's enough to put it in the same range as other mainstream electric SUVs.
The Volkswagen e-Golf, the only electric offering from Volkswagen before the introduction of the ID line, has been replaced by the ID.3 and ID.4.
In 2020, Volkswagen was the second-highest-selling electric vehicle brand globally, with 231,600 electric cars sold, a 158% YoY growth from 2019, a testament to their dedication to electric vehicles.
Volkswagen's electric car sales still fall behind the reigning king, Tesla, with nearly 500,000 electric car sales globally in 2020. Though it's worth noting that Tesla had a huge head start in the electric car market since Volkswagen only started introducing electrified vehicles in earnest after the diesel scandal of 2015.
Many automakers are now offering electric vehicles, and Volkswagen ranks fifth globally in terms of electric vehicle market share. However, it's worth noting that Volkswagen's existing global customer base, thanks to its reputation and market dominance, means that it's a strong contender in the race for consumers to switch to electric vehicles.
Here are some key takeaways regarding the consumer adoption of Volkswagen electric cars:
In conclusion, Volkswagen seems to be embracing the transformation to electric cars, judging from its electric car sales growth and the range of electric cars it offers. While Volkswagen still trails behind Tesla in electric vehicle sales, it's clear that the company is dedicated to making electric vehicles a significant part of its portfolio.
As consumer demand for electric vehicles continues to grow, it's increasingly important for companies like Volkswagen to provide affordable and reliable electric cars that appeal to a wide range of consumers.
Undoubtedly, the next few years will be interesting to see how Volkswagen compare to other brands in electric car adoption, but one thing is for sure: Volkswagen is committed to a green future.
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