The Volkswagen Group has said that strong demand for its electric vehicles means that it has already sold its full 2022 production run for some vehicles.
The success of its electric vehicles means, though, that there are long wait times for almost all of its EVs, while the buyers of some vehicles will simply have to wait until 2023 before new production slots are available.
The success of the models, though perhaps annoying for buyers, is good news for the automaker. The improving demand for battery-powered vehicles means that they are coming closer to reaching price-parity with internal combustion vehicles, the VW Group’s chief financial officer, Arno Antlitz, told Bloomberg.
“We see better scale, we see better margins, we see high customer demand,” Antlitz said. “Originally we thought it takes two to three years until we see the parity of ICE and battery-electric vehicles.”
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Sales of electric and plug-in hybrid vehicles jumped by more than 80 percent last year to roughly 762,000 units across the Volkswagen Group’s many brands. The automaker is in the midst of a major push to introduce more electric vehicles. As the Volkswagen brand just unveiled the retro ID. Buzz, the wider group is already developing a next-generation EV platform as it looks well into the future.
The company faces further production difficulties, though, as, all automakers struggle with supply constraints of one kind or another. Volkswagen, specifically, has been affected by the disruptions caused by Russia’s invasion of Ukraine.
“Raw materials are clearly a headwind for us,” Antlitz said. “There might be also the time when we need to pass on some of the increases to the market.”
