Demand heats up again, another sign! Volkswagen (VWAGY.US) Q1 electric vehicle deliveries in Europe more than double year-over-year.

Volkswagen (VWAGY.US) stated on Wednesday that in the first quarter of this year, the company's electric vehicle deliveries in Europe exceeded 150,000 units, more than doubling from the same period last year when it was 74,400 units. This is another sign that demand for electric vehicles is on the rise. Data from the European Automobile Manufacturers Association shows that although total car sales have decreased so far this year, sales of pure electric vehicles in Europe have significantly increased. This is due to the new emission targets set by the EU and the introduction of new vehicle models driving demand. It is worth mentioning that numerous car manufacturers, including Volkswagen, are facing challenges due to the tariffs imposed by U.S. President Trump. Trump's 25% tariff on imported cars to the U.S. has already taken effect. In response, Volkswagen plans to increase import fees in the pricing of cars shipped to the U.S. It has been reported that Volkswagen has sent a memo to U.S. dealers informing them of the relevant costs and is taking measures to temporarily stop transporting vehicles by rail from Mexico and leaving vehicles shipped from Europe at the port. A Volkswagen spokesperson confirmed the existence of the memo but declined to comment on its contents.