VW’s 2022 stock of EVs is ‘basically sold out’ in US and Europe

Volkswagen CEO Herbert Diess says the company is “basically sold out of electric vehicles in Europe and in the United States” for the year, according to a report from the Financial times† This means anyone hoping to get an EV from VW, Audi or any of the group’s other brands may have to wait until 2023 as the company tries to deal with the chip shortage and production issues due to COVID shutdowns in the US. China.

According to the report, VW expects the order book to continue to grow. There are currently a lot of people on the list waiting for an EV and expect to get even more over the course of the year. But supply chain problems will make it difficult to fill. Almost every automaker has had to stop or slow production due to a lack of chips. Some have even resorted to removing features from their vehicles to get them off the assembly line. Electric cars also require a large amount of batteries, which can be challenging to make at the best of times.

According to the Financial timesVW sold just under 100,000 electric cars in the first quarter of 2022. Tesla, according to the latest results, sold about 310,000 during the same period.

VW is not exactly unique in its difficulties in keeping up with the demand for electric vehicles. Ford’s website for the F-150 Lightning says that “the current model year is no longer available for store orders” and that it stopped taking reservations for the electric truck in December. That’s a slightly different scale, though; VWs reportedly fully out of EVs, while I could go to a dealership and buy a Ford Mustang Mach-E, the automaker’s other consumer-oriented EV.

When Diess spoke The edge earlier this year, he said the company is trying to expand its presence in America. In his Decoder In an interview, he said he expected the company’s growth in the United States to “come primarily from EVs,” although he admits the company will likely experience supply constraints in 2022.

Frank Broholm had acquired considerable experience in writing and editing publications before recruited by The Media Today Chronicle News portal as Editorial Manager. His key task is to conduct effective business reviews based on the most recent business…