Volkswagen deliveries drop by 7% in 2022 despite electric boost

The Volkswagen Group sold significantly fewer vehicles overall in 2022 due to delivery problems with car electronics and corresponding production problems, the German company announced on Thursday, reported dpa.

The number of electric vehicles sold did however improve strongly in the past year.

Global deliveries in 2022 fell by 7% year-on-year to just under 8.26 million units, VW reported.

According to the report, the only growth region was Asia-Pacific, if the most important market China is excluded.

The Group noted that, in the second half of 2022, a slightly improved supply situation led to an increase of deliveries of 12%, however, could not make up for the losses of 22% in the first half of the year.

For the month of December, worldwide deliveries were 842,300, an increase of 18.1% from previous year.

In the full year, 572,100 all-electric vehicles were handed over to customers, an increase of 26% from last year. The BEV share of total deliveries were 6.9%, up from 5.1% a year ago.

The Group plans to reach a level of BEV deliveries of around 11% in 2023. This will be the base to achieve the medium term goal of around 20% in 2025. By 2030, every second Group vehicle delivered globally is expected to be all-electric, Volkswagen stated.