In a challenging environment, the brand delivered a total of 4.9 million vehicles – eight percent fewer than the previous year. Despite this, the company still managed to boost its revenue by 5 billion euros to over 76 billion euros. The operating profit rose by 2 billion euros to 2.5 billion euros, despite the fall in sales and high investments. The profit margin grew by 0.6 percent, compared to the previous year, to 3.3 percent.
As a global car for Europe, China and the USA, the ID.4 was a bestseller from the word go and contributed significantly to the company success. With almost 120,000 units, it was the most frequently delivered electric Volkswagen. Globally, Volkswagen Passenger Cars delivered 369,000 electric vehicles to customers – that is 73 percent more than the previous year. Within this figure, the number of fully-electric vehicles nearly doubled to 263,000 units. In Germany, Sweden, Finland and Ireland, Volkswagen has gone from virtually zero to number one with its electric fleet. In Germany, every fifth new fully-electric car bears the VW logo.
When it comes to cars with combustion engines, the high-profit SUV models were in particularly high demand. At the same time, the Golf remained a bestseller: in 2021, it was once again the best-selling car in Europe. In total, the Volkswagen brand successfully launched five new models last year – both electric and petrol cars.
As in 2020, Volkswagen Passenger Cars not only met the European CO2 targets for its fleet in the 2021 financial year, but even managed to exceed them: the average for the new car fleet in the EU was 113 g/km. That is 6 g less CO2 than stipulated.
Digitalisation is key to the transformation to a technology company. Here too, Volkswagen Passenger Cars took big strides in 2021. In Europe, the brand was the first high-volume manufacturer to successfully roll out over-the-air updates. So far, more than 100,000 vehicles in the ID. family have been improved by software updates. Software upgrades are one example of how Volkswagen is consistently focussing on the needs of customers.
Volkswagen will also continue to forge ahead with its transformation in the future: for example, almost 18 billion euros will be invested in the future fields of electrification and digitalisation by 2026.
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* Consumption Figures
ID.4 – Combined power consumption in kWh/100 km: 16.3–15.6 (NEDC); CO2 emissions in g/km: 0; Efficiency class: A+++
ID.4 GTX – Combined power consumption in kWh/100 km: 17.4 (NEDC); CO2 emissions in g/km: 0; Efficiency class: A+++
ID.5 – Combined power consumption in kWh/100 km: 16.2 (NEDC); CO2 emissions in g/km: 0; Efficiency class: A+++
ID.5 GTX – Combined power consumption in kWh/100 km: 17.1 (NEDC); CO2 emissions in g/km: 0; Efficiency class: A+++
ID.6 – This car is not yet on sale in Europe