Volkswagen All-Electric Car Sales Reached 70,000 In Q1 2023

That's a 31 percent increase year-over-year, but far less than in Q3 and Q4 2022.

Volkswagen ID.4

Mark Kane

By: Mark Kane

Apr 24, 2023 at 3:26pm ET

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Volkswagen Passenger Cars reports that its global car sales improved during the first quarter of 2023 by 0.9 percent year-over-year to 1.02 million units. That's a very slight increase and a result far lower than a few years ago (over 1.45 million in Q1 2019), which shows us the gap to pre-lockdown times.

Meanwhile, Volkswagen all-electric car sales increased by 31.2 percent year-over-year to 70,000. That's around 6.9 percent of the total volume (compared to 5.3 percent a year ago).

This result is positive. However, when we take a look at the chart, it seems noticeably lower than in Q3 (91,200) and Q4 (118,000), which actually is a bit worrying. We rather expected that Volkswagen will sell closer to 100,000 units, but maybe something is still limiting production.

In terms of models, the main products happen to be the ID.4/ID.5 duo (41,900 units or nearly 60 percent of the total volume), followed by the Volkswagen ID.3 (23,600). Other Volkswagen models represent only a small fraction.

Volkswagen Passenger Cars BEV sales in Q1 2023:

Volkswagen ID.4/ID.5: 41,900
Volkswagen ID.3: 23,600
other models: 4,500
Total: 70,000 (up 31.2% year-over-year) and 6.9% share
including 9,758 ID.4 (up 254%) in the United States

Volkswagen Passenger Cars Global BEV Sales - Q1 2023

For reference, in 2022, 325,100 Volkswagen BEVs were sold globally (up 23.5 percent year-over-year), which was 7.1 percent of the total volume.

Volkswagen Passenger Cars BEV sales in Q1-Q4 2022:

Volkswagen ID.4 - around 170,000
Volkswagen ID.3 - 76,600
Volkswagen ID.6 - 37,400
Volkswagen ID.5 - roughly *23,000
** the ID.4/ID.5 total was 193,200*
other models - 17,900
Total - 325,100

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Comments

The ID.4 specifically is produced in Germany (Zwicaku and Emden), in China (FAW-Volkswagen in Foshan, and SAIC Volkswagen in Anting), and in the United States (Chattanooga, Tennessee). ID.5 is a coupe-styled version of the ID.4.

It will be interesting to see whether the Volkswagen brand will accelerate later this year because right now does not appear to increase BEV sales fast enough compared to many competitors.