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This is not limited to Volkswagen. China's BYD, the world's largest EV maker, slowed production at its China factories back in June, cancelled night shifts and production at some factories by at least a third of capacity, and suspended some plans to set up new production lines.
People dont have money to spend on 20-50kโฌ toys when they can just use public transport or cycle to work. I assume the same is happening with the expensive fossil fuel cars.
That is not the problem.
It is far more simple than that.
We are in a recession, people simply don't have the money to buy a new car, when they can get a used car with a far better value.
Where I live people have more than enough, but they don't care for these ridiculous electric SUVs. Make sane cars whose price is justified.
Yeah, I hate the current SUV and crossover style infecting every car model.
Thats literally what i wrote lol...
People dont have money, so they will use cheaper alternatives. Thats why i wrote "expensive fossil fuel cars" because its about the price, not the technology. If there were cheap EVs then this wouldnt be happening.
There are 13 EV models in EU under โฌ25K.
Thats cool, but most people dont even have 5k in their bank account.
Most people just have the exact money of their salary every month in the bank. No extra.
This is about EV demand slowing down.
But if you can use public transport or cycle to work, you shouldn't drive a car anyway, EV nor combustion engine. We need less cars in our cities and more public transport imho.
EV sales are 27% higher in Europe 2025 over 2024. There are no sales in US because of tariffs and disinterest in the environment.
https://www.best-selling-cars.com/europe/2025-august-europe-car-sales-and-market-analysis/
BYD got stomped on by tariff. The only pattern is the fact that the oil barons are waging a war against electric vehicles and winning.