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VW’s EV Deliveries Soar in Europe as Used-Car Glut Pressures Prices

Berlin is preparing a tax extension alongside a targeted €3 billion subsidy that dealers warn would deepen residual-value losses.

Overview

  • Volkswagen said battery‑electric deliveries in Europe rose 78% year to date to 522,600, with third‑quarter BEVs up about one third to 252,100.
  • The gains contrast with China, where VW’s BEV units fell 55% in Q3 and total deliveries declined 7.2%, while global Q3 volumes edged up 1% to just under 2.2 million.
  • The government plans to prolong the BEV car‑tax exemption and is drafting a purchase program for lower‑ and middle‑income buyers with roughly €3 billion in funding.
  • Dealer representatives caution new incentives could accelerate resale‑value declines as leasing returns swell inventories, with three‑year‑old BEVs losing about €6,400 more than comparable petrol cars.
  • Expert battery checks show many used EVs retain around 90% capacity, suggesting solid second‑hand options even as market frictions weigh on prices.