1、 Economic Impact Report on Volkswagen Group of America,Inc.and Related Entities July 2025 1 Internal Contents Introduction 5 Approach 6 An overview of U.S.operations 9 Overall economic impact 14 Tax contribution 17 Appendix:State-level economic impact 26 Images used in this report were provided by V
2、olkswagen Group of America and used with their permission.Economic Impact Report 1 Executive Summary In 2024,Volkswagen Group of America1(“VWGoA”),including its subsidiary Electrify America,as well as its authorized,independent Volkswagen and Audi dealerships(collectively referred to as“Volkswagen”)
3、,operated in all 50 states,the District of Columbia,and Puerto Rico,supporting manufacturing,distribution,sales,consumer finance,and innovation in electrification technology.VWGoA employed 9,586 employees and contractors,including 225 employees and contractors at Electrify America.In addition,Volksw
4、agen and Audi dealerships employed 38,500 employees and contractors.The household spending by those employed or contracted by Volkswagen significantly influences their local economies with additional economic impact resulting from Volkswagens$7.5B spend on manufacturing,products,and services with it
5、s supplier network,leading to additional employment,income,and outputs.The purpose of this report is to quantify the estimated economic impact of VWGoA,including Electrify America,and its dealerships from January 1,2024,through December 31,2024,across the following dimensions:Direct effects the head
6、count of Volkswagen employees and contractors,the payroll and benefits(also known as“labor income”)of these individuals,and spend on Volkswagen suppliers.Indirect effects the headcount of supplier employees and contractors,the suppliers payroll and benefits provided to those individuals,and supplier
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