Economy

VW boss Diess: Each e-car sold costs the company thousands of euros

So far, Volkswagen has apparently not really paid off: the E-Up.

So far, Volkswagen has apparently not really paid off: the E-Up.

Robert Hradil, Getty Images

Volkswagen claims to have turned the corner by the middle of this decade. Then the group no longer wants to earn its money primarily from combustion engines, but from electric cars. How far there is to go is shown in a speech by VW CEO Herbert Diess at the beginning of June to top managers of the group. Excerpts from the minutes of the internal meeting are available to NewsABC.net.

Diess admitted that Volkswagen could not even pay the costs incurred with its currently sold electric cars. “With the electric vehicles that we have today, on the golf platform, on MQB, or on the PQ platform with the Up !, we have negative contribution margins – with the Up! around 4,000 to 5,000 euros, ”said Diess according to the protocol. “That means every Up! costs us more than double the penalty payments to CO2nd– to achieve goals – [das ist] not a sustainable, goal-oriented way to be compatible. Almost the same applies to the Golf. ”

Electric car market in Europe is still a niche

This is likely to affect CO2nd– Obtain targets that the European Union has imposed on car manufacturers. After 2020, new cars in the EU may only emit a maximum of 95 grams of CO2 per kilometer on average. If the values ​​are not adhered to, penalties are payable depending on the missed target. This should lead automakers to develop more environmentally friendly cars, especially electric cars.

However, the electric car market is still little more than a niche in Europe. Volkswagen also paid little attention to the new technology for a long time. That is why his previous e-cars E-Up and E-Golf are not based on their own platform specially designed for e-cars, but on old combustion platforms. This means that installing the battery in the car is expensive manual work, which drives up production costs.

According to VW, the basic price for the small car E-Up is just under 22,000 euros. The car is manufactured in the VW plant in Bratislava (Slovakia). The basic version of the E-Golf costs just under 32,000 euros. It rolls off the assembly line at the VW headquarters in Wolfsburg. The E-Up turned out to be a bestseller.

Read also: Plain text from the VW dealer boss: “With the Golf 8 there is a reluctance to buy that we have never experienced with the bread-and-butter model from Volkswagen”

But Volkswagen still wants to land the big e-car coup. The ID.3 is due to come onto the market in autumn. The car will be assembled on its own platform in the VW plant in Zwickau and the cheapest variant is said to cost less than 30,000 euros. And unlike its two e-car predecessors, the ID.3 should also be profitable for the group. “We will already achieve positive contribution margins with the first vehicles of the MEB platform,” said Diess according to the protocol.

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