Volkswagen CFO Says EV Profit Margins Reach 70%–80% of ICE Vehicles

[Company Update] Volkswagen's latest electric vehicles have achieved profit margins equivalent to 70%–80% of those of internal combustion engine (ICE) vehicles.

Key Development: MEB Plus Models Like ID.2 Cross Narrow the Profit Gap

During the Q1 2026 earnings call, Volkswagen CFO Arno Antlitz revealed that new models based on the upgraded MEB platform now deliver profit margins at 70%–80% of comparable ICE vehicles. Key measures include the adoption of LFP batteries and cell-to-pack architecture.

Strategic Foundation: SSP Platform as the Profitability Turning Point

Volkswagen expects EV profit margins to fully match those of ICE vehicles only after the launch of its next-generation SSP platform (Scalable Systems Platform). This platform will replace MEB/PPE and aims to reduce production costs by 20%, though its launch has been delayed to before 2030.