Volkswagen Admits EVs Make Up to 30% Less Profit Than Gas Cars

EV Profits Still Playing Catch-UpIt’s no secret that automakers are barely making a profit on electric vehicles, with Ford even ending production of the all-electric F-150 Lightning. But they still have to build them for a range of reasons, including regulatory requirements. At Volkswagen, the company admitted that there is no profit margin parity between EVs and combustion cars – at least not until the next-gen SSP architecture arrives.According to Automotive News, Volkswagen’s EV models deliver only 70% to 80% of the margins of comparable combustion models. Hypothetically, if a gas-powered T-Cross generated $10,000 in profit, a comparable EV on the current MEB platform would make around $7,500. The Scalable Systems Platform (SSP), which has been delayed from its original 2026 target, is seen as the key to closing that margin gap, though it reportedly will not arrive before the end of the decade.

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