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Volkswagen's EV Struggles: A Looming Shift in the Automotive Landscape
As the automotive industry undergoes a significant transformation with the rise of electric vehicles (EVs), the Volkswagen brand finds itself in a precarious position. Announcing a decline in deliveries for 2024, particularly in battery electric vehicle (BEV) sales, Volkswagen faces stiff competition from emerging brands like BYD and continues to struggle to reclaim its status as the “people's wagon” in the EV market.