According to the report, the Volkswagen Group was the top player in the European market in October with 25% share of the xEV segment and 29% in the BEV segment. Having multiple brands and models starts to make a difference.
“Felipe Munoz, global analyst at JATO Dynamics commented: “Similarly to the demand seen for the Tesla Model 3, the Volkswagen ID.3 is another example of how appetite for competitive and stylish electric cars continues to grow day by day”.
As a result, Volkswagen Group became Europe’s biggest producer of EVs in October, comprising of 25% of the market registrations. Interestingly, the German manufacturer posted a bigger market share in the BEV (29%). Munoz continued: “Volkswagen Group is catching up to its peers at great pace, in part due to its strong presence in Northern and Central Europe, where appetite for EVs continues to grow.””
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