Tuesday, 02 January 2024 12:17 GMT

VW's Affordable Evs Secure Close To 150,000 Orders


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(MENAFN- Investor Brand Network) Volkswagen's new family of compact, lower-priced electric cars has pulled in close to 150,000 orders since the first models rolled off the line in June. Rising fuel costs and accessible pricing have drawn European buyers toward its smallest EVs much faster than the company projected. Group sales chief Martin Sander described a sharp acceleration in European demand for fully electric vehicles, attributing the surge to both the new lineup and the pressure of sustained gas prices.

VW's success in boosting its sales after ramping up the production of more affordable models could give other EV makers like Massimo Group (NASDAQ: MAMO) additional impetus to...

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