Volkswagen delivered around**** million motor vehicles worldwide in 2024, down*** percent from nearly**** million in 2023. Volkswagen is theworld's second-largest motor vehicle manufacturer after losing its first spot to Toyota in 2020.

Changes in VW's lineup

Amid shifts in consumer preference, Volkswagen continues to change its lineup towards electric vehicles andsport utility vehicles(SUV). VW continues to push the Tiguan model to become the company's best-selling sport utility vehicle (SUV) and has released new battery-electric vehicle models. Despite these efforts to electrify its vehices on offer, Volkswagen recorded a decrease in battery-electric vehicle sales worldwide by some*** percent year-over-year in 2024. 

Pandemic puts a halt to ride-hailing services

Volkswagen is also investing in ride-hailing services. The company's aims to be a major player in this new market segment are ambitious as they pin themselves against powerful rivals. One of the most notable products in the mobility segment from Volkswagen is all-electric ride-sharing provider, Moia, launched in Hamburg in 2019. Moia already enters competition with the public transport providers that run similar services. Demand was waning amid the outbreak of the coronavirus pandemic in Europe and Moia's services were put on halt in December 2020, before eventually reopening. Theride-hailing market is predicted to reach around***** billion U.S. dollars by 2029.

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