"Volkswagen's CFO Arno Antlitz stated that EVs will not have comparable margins to gas vehicles until the brand undergoes a significant architecture shift. The margin is expected to be fully comparable only with the future SSP platform."
"The Scalable Systems Platform (SSP) aims to cut production costs by 20% compared to the current MEB architecture, which underpins the VW ID lineup."
"Volkswagen's initial plans for the SSP platform were set for this year, but its release has been postponed to 2030, reflecting the challenges faced in the electrification journey."
"Despite the current lack of profitability in EVs, Volkswagen is making strides in EV profitability, which will assist in meeting Europe's CO2 targets over time."
Volkswagen's electric vehicles currently do not match the profit margins of combustion-engine cars and are expected to do so only after the introduction of the Scalable Systems Platform (SSP) by 2030. The SSP aims to reduce production costs by 20% compared to the existing MEB platform. Despite initial setbacks in the electrification race, VW remains committed to EV development. The company anticipates an overall operating margin of 4% to 5.5% by 2026, with ongoing improvements in EV profitability contributing to compliance with Europe's CO2 targets.
Read at insideevs.com
Unable to calculate read time
Collection
[
|
...
]