While Navigating a Rough 2025, VW Sees EV Sales Surging
The automaker reports that one in five models delivered in western Europe during the first six months of the year was all-electric, pointing to steady growth amid a still-uncertain worldwide outlook.
VW sales declined in North America by 7% in the first six months of the year, with a host of geopolitical and business issues to blame.
The year began for the auto sector on a rough note, with threats of tariffs that have yet to be resolved, quickly throwing end-of-year forecasts out the window for just about all automakers, whether they had EVs in their lineups or not.
The year also began for the VW Group weeks after it reached a historic deal with its trade unions in Europe, avoiding factory closures but committing to a gradual reduction in the workforce.
The tariff picture had evolved a bit over the past few months but remains far from crystal clear, as the EU continues negotiations with the US over the latter's sudden tariff policy. The US will also be discontinuing the $7,500 EV tax credit in a matter of weeks.
It's a nervous time to be an automaker no matter where your manufacturing footprint happens to be.
How did the VW Group navigate the first half of the year when it comes to its electric offerings?
The good news is that the VW Group saw modest growth in a number of emerging markets, especially when it comes to BEVs.
BEV Deliveries Up Almost 50%
The automaker reports that global deliveries of BEVs are up by almost 50% during the first six months of 2025, compared to the same time period in 2024.
In all, the Group delivered 465,500 BEV models worldwide by the end of June, representing a 47% increase over the previous year, which saw 317,200 deliveries of BEVs.
And one region in particular has shown promise despite significant headwinds.
"One in five of the vehicles we delivered in Western Europe is now purely electric," said Marco Schubert, member of VW Group's Extended Executive Committee for Sales.
But growth isn't confined just to electric models. VW Group saw increases in orders along all drivetrain platforms.
"Across all drive types, they went up by around 20%. We need to further strengthen this positive development by continuing our successful model offensive," Schubert added.
It's not difficult to guess just which regions saw setbacks for the VW Group during the first half of 2025.
Sales Down in North America, China
Vehicle sales declined in North America by 7% for VW and in China by 2%, albeit for different reasons.
The US saw significant volatility tied to the threat of tariffs in the spring, while in China VW continued losing market share to domestic automakers, whose share of the market has continued to surge unabated.
Volkswagen's long-anticipated ID. Buzz also appeared to see a softer-than-expected sales launch stateside, in addition to a slightly bizarre recall.
By comparison, Central and Eastern Europe saw gains of 9% in the first six months of the year, while South America led the way with an 18% bump.
Overall, the VW Group delivered 4.41 million vehicles in the first six months of the year, representing a 1.3% increase over 2024. That's a rare win in what is still a very unpredictable environment, especially as it concerns electric models.
"Overall, we were able to slightly increase our global deliveries by the end of June despite challenging conditions," Schubert added.
"Gains in South America and Europe more than offset the expected declines in China and North America."
However, the VW Group and its brands aren't out of the woods yet when it comes to 2025.
The demise of the $7,500 EV tax credit in the US at the end of September—and the uncertainty over a trade deal between the EU and US, which is now said to be within reach—will set the tone for the rest of the year even if everything else remains stable.
Will tariffs on foreign vehicles affect your car-buying choices in the coming years? Let us know what you think in the comments below.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
These regulations must be met by tech products starting in August
Goods in Germany and elsewhere are subject to various rules and regulations. As of now, new EU-wide regulations for certain tech products are in effect. Manufacturers must ensure their products comply with the new requirements. Otherwise, they cannot sell them in the European single market. The Federal Office for Information Security (BSI) announced this at the end of January. Now, these regulations for tech products have come into force. Regulations for Tech Products on Cybersecurity Specifically, the regulations apply to all tech products that can connect to the Internet and have a wireless interface via Bluetooth or Wi-Fi. The requirements are clear rules on cybersecurity. Since August 1, a CE mark should indicate that the respective devices fundamentally meet cybersecurity requirements. This means networks and privacy should be adequately protected against fraud and other attacks. This is to be achieved, among other things, by securing confidential communication. The ability to update is also included. New Requirements Mandatory Manufacturers must meet these legally binding requirements. Otherwise, a sales ban within the European Union looms. However, the proof of compliance is expected to be simplified thanks to clear testing criteria and harmonized standards. The goal is to increase the level of cybersecurity in Germany and Europe. Although the BSI's January announcement did not specify the devices in question, it is clear that smartphones, smartwatches, or smart TVs fall under these new regulations for tech products, as they involve Bluetooth, Wi-Fi, and Internet connections. This development is welcome, as security in the virtual space becomes increasingly important with growing connectivity. Recently, the BSI warned of vulnerabilities in iOS. Reports of hacking attacks and Internet fraud cases also regularly make the rounds. The post These regulations must be met by tech products starting in August appeared first on TECHBOOK.
Yahoo
6 hours ago
- Yahoo
Massive earnings for this private company has investors shook
Massive earnings for this private company has investors shook originally appeared on TheStreet. Tether, the issuer of the USDT stablecoin, has posted a net profit of $4.9 billion in the second quarter of 2025. The crypto firm disclosed that between March and June this year, its reserves held over $162.5 billion against $157.1 billion in liabilities. The company had appointed accounting firm BDO to attest its revenue numbers. The company, in an official blog post, claimed that it is now among the largest holders of U.S. government debt globally. "Total exposure to U.S. Treasuries – including $105.5 billion in direct holdings and $21.3 billion owned indirectly – exceeded $127 billion (~$8 billion increase compared to Q1 2025) at the end of Q2 2025," the USDT issuer noted. The crypto landscape in the U.S. has significantly improved under President Donald Trump's administration. Similarly, regions like the EU and the UAE have also deployed effective crypto-related regulations, allowing the sector to grow under government oversight. This supportive shift in crypto-related reflects clearly in Tether's expanding profit the fourth quarter of 2024 that ended in December, Tether's treasury held $143.7 billion against liabilities worth $136.6 billion, a data chart by BDO showed. At present, the shareholder capital under Tether's management stands at roughly $5.47 billion. "Net profit for Q2 2025 totalled approximately $4.9 billion, bringing the total for the first six months of the year to $5.7 billion," the El Salvador-headquartered company said. "Year-to-date, TIL generated $3.1 billion in recurrent profits, excluding mark-to-market contributions from gold and bitcoin, which added another $2.6 billion." Massive earnings for this private company has investors shook first appeared on TheStreet on Jul 31, 2025 This story was originally reported by TheStreet on Jul 31, 2025, where it first appeared.
Hypebeast
6 hours ago
- Hypebeast
Designer Debuts Overtake Milan SS26 Schedule & US Tariffs Rattle Brands in This Week's Top Fashion News
Milan Fashion Week, running from September 23 to 29, will feature several highly anticipated creative director debuts for Spring 2026, includingDemnaforGuccion September 23,Simone BellottiforJil Sanderon September 24,Dario VitaleforVersaceon September 26, andLouise TrotterforBottega Venetaon September 28. Later, at 7 pm,Armaniwill celebrate its 50th anniversary on an evening runway at Palazzo Brera — in the heart of Milan's design district. The major milestone for the legendary Italian house will also be preceded by two Emporio Armani shows on September 25. A new trade deal between the US and the EU will impose a 15% tariff on most European goods, a measure that is expected to harm the luxury fashion industry's recovery fromlower sales. This new duty, though lower than the 30% tariff previously threatened by Trump, adds pressure to brands like Gucci,Chanel, andLouis Vuitton, which have already faced a recent decline in consumer demand. With luxury brands having increased prices by an estimated 33% between 2019 and 2023, the new tariff could force them to raise prices further — by an estimated 2% in the US — to maintain profit margins. Some luxury houses are already exploring alternative strategies, such asLVMHopening new factories in the US, to mitigate the tariffs' effect and avoid alienating price-burdened shoppers. adidasis among the sportswear purveyors warning of impending price hikes in the United States, warning that new tariffs could add up to $230 million USD to its costs. The company's CEO, Bjørn Gulden, stated that the tariffs would directly raise the cost of products for the US market and that the company is assessing its product assortment to determine which items will be impacted. While adidas plans to keep prices stable on its well-known models like theSambaandGazelleas long as possible, newer silhouettes are likely to get a price hike. The company is also concerned about how these price hikes will affect consumer demand, especially as other sectors react to similar pressures from trade reforms. Hermèscontinues to defy the luxury slowdown, reporting a 9% sales jump in Q2 2025. While many competitors are seeing dwindling demand, particularly from aspirational shoppers, Hermès' strategy of price increases and maintaining exclusivity has proven successful. TheBirkinbag-maker's sales reached €3.9 billion in Q2, driven largely by its core leather goods division, a category that competitor LVMH is seeing decline in. A global price hike, topped with another 5% increase in the US, is expected to offset the new tariffs. The brand's strong performance, which has led to Hermès's overtaking LVMH as the world's most valuable luxury stock, is attributed to the house's careful approach to production and its loyal customer base. Pharrellhas unveiled a new Louis Vuitton Fall 2026 menswear capsule, a cross-seasonal collection set to hit the shelves in September. The range reimagines the classic 'dandy' through a contemporary, collegiate lens that combines Ivy League aesthetics with a relaxed sensibility. Inspired by university life on both sides of the Atlantic, the collection features an academia-inspired color palette with pops of bold hues and patterns. Outerwear is a key focus for the designer this season, showcasing structured wool blousons, jacquard coats, and camel jackets. The line also introduces new takes on the Louis Vuitton monogram, a tartan-style pattern on flannel and denim, and a reworking of the brand's iconic floral design. American skiing hub, Aspen, Colorado, will be the next location forMonclerGrenoble's outdoor runway presentation. Following up on its March show at the French Alpine ski resort of Courchevel, Aspen will mark the label's first show at a US ski destination. Moncler announced its US-based Grenoble show after its H1'25 earnings report last week, which showed a 1% decline in Q2 revenue, attributed to lower tourist spending in Europe and Japan. While revenue in Europe and the Middle East dropped 8%, sales in the Americas were a stronghold, hence the label's renewed focus on the US. The Moncler Grenoble Fall 2025 show is set to take place on January 31, 2026, at an unrevealed location. LVMH is reportedly in talks to sell theMarc Jacobsbrand for an estimated $1 billion. This potential move is part of a larger strategy by the luxury conglomerate to streamline its portfolio and focus on its most profitable brands amidst a broader slowdown in the luxury market. LVMH's first-half 2025 financial results showed a significant drop in net profit and sales, fueling the decision. Potential buyers for Marc Jacobs, which LVMH has owned since 1997, are said to be brand management firms like Authentic Brands Group, Bluestar Alliance, and WHP Global. This follows LVMH's recent divestment of other contemporary labels likeOff-Whiteand its stake inStella McCartney, signaling a clear shift in the company's business model.
