{"id":592374,"date":"2023-09-27T15:05:54","date_gmt":"2023-09-27T12:05:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/volkswagen-cuts-ev-production-as-demand-falters\/"},"modified":"2023-09-27T15:05:54","modified_gmt":"2023-09-27T12:05:54","slug":"volkswagen-cuts-ev-production-as-demand-falters","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/volkswagen-cuts-ev-production-as-demand-falters\/","title":{"rendered":"#Volkswagen cuts EV production as demand falters"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/img-cdn.tnwcdn.com\/image?fit=796%2C417&amp;url=https%3A%2F%2Fcdn0.tnwcdn.com%2Fwp-content%2Fblogs.dir%2F1%2Ffiles%2F2023%2F09%2FVW-Zwickau-production-EV-cuts.jpg&amp;signature=685a6a4822a715ee1e45a1f905b169bb\" \/><\/p>\n<div id=\"article-main-content\">\n                            <span style=\"font-weight: 400;\">In the first two weeks of October, Volkswagen will stop making two of its flagship EV models at a pair of its factories in Germany. The automaker is citing shrinking demand, fuelled by recent cuts to government subsidies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Production of VW\u2019s ID.3 and Cupra\u2019s Born will be put on hold at the carmaker\u2019s main EV factory in Zwickau until October 16. Assembly of the ID.3 at a small-scale plant in Dresden will cease for the first two weeks of October, a <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/volkswagen-temporarily-pause-production-two-ev-car-models-due-drop-demand-2023-09-26\/\"><span style=\"font-weight: 400;\">spokesperson<\/span><\/a><span style=\"font-weight: 400;\"> said.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Production of the ID4, ID5, Audi Q4 e-tron, and Audi Q4 Sportsback e-tron models will continue as usual.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Volkswagen has been having a tough time lately selling enough of its made-in-Germany electric cars, as rival brands like America\u2019s Tesla and China\u2019s BYD continue to <\/span><span style=\"font-weight: 400;\">dominate the market<\/span><span style=\"font-weight: 400;\">. Moreover, <\/span><span style=\"font-weight: 400;\">stunted economic growth as well as higher costs of living in Europe have slowed demand for its ID fleet of EVs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another factor has been the reduction of EV subsidies by the German government. At the start of this year, support for battery electric or fuel cell cars dropped from <\/span><span style=\"font-weight: 400;\">\u20ac<\/span><span style=\"font-weight: 400;\">6,000 to <\/span><span style=\"font-weight: 400;\">\u20ac<\/span><span style=\"font-weight: 400;\">3,000-<\/span><span style=\"font-weight: 400;\">\u20ac<\/span><span style=\"font-weight: 400;\">4,500 and will be cut further from January 2024.\u00a0<\/span><\/p>\n<div class=\"inarticle-wrapper channel-cta\">\n<div class=\"ica-text\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ai.live.ft.com\/home?promo=TNW&amp;tr=true?utm_source=ft_live&amp;utm_medium=email&amp;utm_campaign=Global%7Cteam%7Cevent_registration%7Cprospecting%7Cbau%7C2023_ai_transformational_london&amp;utm_term=carousel\" data-event-category=\"Article\" data-event-action=\"In Article Block\" data-event-label=\"Powering the next business revolution\"><\/p>\n<p class=\"ica-text__title\">Powering the next business revolution<\/p>\n<p>Join the Financial Times &amp; TNW Future of AI Summit on November 15 &amp; 16<\/p>\n<p><\/a><\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\">Subsidies for company EVs, however, were axed entirely from September 1, a major hit to VW\u2019s Zwickau factory \u2014 s<\/span><span style=\"font-weight: 400;\">ome 70% of its EVs made there are destined to be company cars.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Volkswagen did not comment on how workers at the two factories would be affected by the production freeze, but it did announce a few weeks back that it will let go of nearly 300 employees at the <\/span><span style=\"font-weight: 400;\">Zwickau plant<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Faced with rising costs in Europe, VW and other manufacturers like BMW and Tesla are increasingly building their cars in China and exporting them into the bloc.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Volkswagen now wants to have the new electric SUV Cupra Tavascan produced in a factory in China. That model, built on the same platform as the VW ID.4 and ID.5, should be launched in Europe next year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, it remains unclear for how much longer importing Chinese-made cars into European markets will remain profitable, after the EU said it\u2019s <\/span><span style=\"font-weight: 400;\">launching an investigation into Chinese EV subsidies<\/span><span style=\"font-weight: 400;\"> to ward off a flood of cheap imports.<\/span>\n                        <\/div>\n<div id=\"\">\n                                Published <time datetime=\"2019-02-11 12:07:00\">September 27, 2023 &#8211; 12:05 pm UTC<\/time><\/p>\n<p>                            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-event-category=\"Article\" data-event-action=\"Back to top\" data-event-label=\"Back to top - click\" data-event-non-interaction=\"true\" class=\"scrolly latest\" data-target=\"#next-top\">Back to top<\/a>\n                        <\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/volkswagen-cuts-ev-production-demand-shrinking\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the first two weeks of October, Volkswagen will stop making two of its flagship EV models at a pair of its factories in Germany. The automaker is citing shrinking demand, fuelled by recent cuts to government subsidies.\u00a0 Production of VW\u2019s ID.3 and Cupra\u2019s Born will be put on hold at the carmaker\u2019s main EV&#8230;<\/p>\n","protected":false},"author":1,"featured_media":592375,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/09\/VW-Zwickau-production-EV-cuts.jpg&signature=6aa92281b59acb25d1a0f594ce6b6fdd","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-592374","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/592374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=592374"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/592374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/592375"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=592374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=592374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=592374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}