Select Volkswagen electric cars sold out for 2022: Report

Volkswagen informed about strong demand for its electric vehicles and it has already sold out some of these vehicles for this year. According to a report by Carscoops, this means buyers interested in EVs may have to wait till 2023 before Volkswagen starts new production.

The company registered an 80 per cent increase in the sales of electric and plug-in hybrid vehicles. Volkswagen sold around 7,62,000 units across its brands. It is also trying to push more electric vehicles into its various product line-ups. It also announced about its profits that hiked by 75 per cent that is 15.4 billion euros despite selling fewer cars last year. Volkswagen stated it sold lesser cars due to the ongoing semiconductor shortage.

With a high demand for electric vehicles from Volkswagen, the company's s Chief Financial Officer, Arno Antlitz reportedly said this increased demand for battery-powered vehicles shows that EVs are inching closer to the prices of vehicles with internal combustion engines. Antlitz added this trend will help the automaker to scale production as well as margins. “Originally we thought it takes two to three years until we see the parity of ICE and battery-electric vehicles," reportedly said the Chief Financial Officer.

Volkswagen recently unveiled its much-awaited electric version of its popular Microbus called the ID.Buzz. It is expected to hit production as soon as the auto major launches the new EV in the European market which is by end of this year. The Volkswagen ID.Buzz EV is expected to be available in the US market in 2024. The company has introduced two versions of the ID.Buzz EV, one in the standard form and the other a cargo version.

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