- VW says that its EVs won't have comparable profit margins to combustion vehicles until at least 2030.
- This is contingent on the company's move to its new SSP platform, which aims to cut production costs by as much as 20%.
- Currently, VW expects to have an overall operating margin of between 4% and 5.5% for 2026.
The road to electrification has been a roller coaster. Just a few years ago, manufacturers began dumping billions into battery plants and factories like it was a race to get to market. Scale would eventually deliver price parity with traditional combustion cars. As we know now, things didn't play out exactly as planned, but it hasn't deterred automakers from continuing down the EV path.
