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Volkswagen boss Thomas Schäfer on the future of the small, affordable car

Truly affordable, smaller cars are rare, but will they return – and can Europe compete with China in this profit-tight class? ....

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Is the small, affordable car dead? VW boss Thomas Schäfer doesn't think so

Thomas Schäfer, the chief executive of Volkswagen, has described the market for small electric cars as the “Champions League” of automobile manufacturing as he and his colleagues wrestle with the increasingly energetic challenge from China. “If you are going to win,” he said, “you have to make money on it – and that’s the difficult bit.” ....

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The 30 used EVs that have plunged most in value in 2023 with some year-old cars worth only half as much

The value of second-hand EVs have taken a battering as a result of falling demand, increasing supply entering the market and more appealing deals on brand-new electric models. These are the 30 worst hit. ....

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Car dealers increase discounts on new EVs by 323% in a year in a desperate bid to boost sales - these 12 models have had their prices slashed

With consumer demand for EVs waning, the average combined cash and finance discount on a new battery-powered car has grown to a whopping £4,399 in the last 12 months, a study found. ....

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