{"id":13698,"date":"2023-09-27T12:05:54","date_gmt":"2023-09-27T12:05:54","guid":{"rendered":"http:\/\/TheNextWeb=1400150"},"modified":"2023-09-27T12:05:54","modified_gmt":"2023-09-27T12:05:54","slug":"volkswagen-cuts-ev-production-as-demand-falters","status":"publish","type":"post","link":"https:\/\/www.londonchiropracter.com\/?p=13698","title":{"rendered":"Volkswagen cuts EV production as demand falters"},"content":{"rendered":"\n
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In the first two weeks of October, Volkswagen will stop making two of its flagship EV<\/a> models at a pair of its factories in Germany. The automaker is citing shrinking demand, fuelled by recent cuts to government subsidies. <\/span><\/p>\n

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>spokesperson<\/span><\/a> said.<\/span><\/p>\n

Production of the ID4, ID5, Audi Q4 e-tron, and Audi Q4 Sportsback e-tron models will continue as usual.<\/span><\/p>\n

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>dominate the market<\/span><\/a>. Moreover, <\/span>stunted economic growth as well as higher costs of living in Europe have slowed demand for its ID fleet of EVs.<\/span><\/p>\n

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>\u20ac<\/span>6,000 to <\/span>\u20ac<\/span>3,000-<\/span>\u20ac<\/span>4,500 and will be cut further from January 2024. <\/span><\/p>\n

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Subsidies for company EVs, however, were axed entirely from September 1, a major hit to VW\u2019s Zwickau factory \u2014 s<\/span>ome 70% of its EVs made there are destined to be company cars. <\/span><\/p>\n

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>Zwickau plant<\/span>.<\/span><\/p>\n

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

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

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>launching an investigation into Chinese EV subsidies<\/span><\/a> to ward off a flood of cheap imports.<\/span><\/p>\n<\/p><\/div>\n

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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…<\/p>\n","protected":false},"author":1,"featured_media":13699,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/13698"}],"collection":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13698"}],"version-history":[{"count":0,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/posts\/13698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=\/wp\/v2\/media\/13699"}],"wp:attachment":[{"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.londonchiropracter.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}