Volkswagen to Launch Over 30 New Models in 2024 Amid EV Market Shift

Despite industry challenges and a slowdown in EV adoption, Volkswagen remains committed to its electric future, planning a diverse lineup of vehicles.

Volkswagen Group is set to launch over 30 new models in 2024, including electric vehicles (EVs), hybrids, and internal combustion engine (ICE) cars, amid a challenging economic outlook and a shift in consumer demand.
The automotive industry faces a slowdown in EV adoption, with automakers like Ford and GM reintroducing hybrids and ICE vehicles to offer consumer choice and address market uncertainties.
Volkswagen remains committed to its electric future despite industry-wide challenges, including a demand glut, higher interest rates, and a struggle to convert traditional ICE drivers.
The Insurance Institute for Highway Safety rated most semi-autonomous driving assistance systems poorly, highlighting safety concerns and the need for better driver education.
Volkswagen's financial performance in 2023 showed strong sales and profits, but the company anticipates a significant drop in sales growth for 2024.