Categories: Economy

Battery-Powered Vehicles Take a Hit: German Car Companies Cut Shifts and Jobs Amid Dropping Sales

The sales figures for battery-powered vehicles are taking a hit, leading to cuts in jobs and production shifts at VW and Porsche. Despite selling almost 800,000 electric cars last year, battery-powered vehicles only made up a small percentage of total sales for VW. This has led to a decrease in sales and the need to cut shifts and jobs at plants like Zwickau.

German buyers are shying away from electric cars, with sales dropping significantly in recent months. This has caused manufacturers like Mercedes and BMW to shift their focus back to combustion engines, investing in their development. Meanwhile, BMW has seen success with electric vehicle sales but remains committed to offering petrol and diesel engines as well.

According to experts, overestimation of demand for electric vehicles, competition from cheaper Chinese models, and political decisions have contributed to the electric crisis facing German car companies. Volkswagen is hoping for government support to overcome this crisis, with the goal of putting millions of electric cars on Germany’s roads by 2030.

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Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

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