Like its European competitors, Volkswagen’s profits could halve in 2023. Its challenge of opaque governance and the existential threat from a China blowup remain, but its number one challenge will be electric next year.
After being the lead dog in the mass-market electric car race, VW and its brands have fallen behind. According to French automotive consultants Inovev, VW group sales of battery electric vehicles (BEV) will reach 257,000 in 2022, around 21,000 less than last year.
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