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

According to a report from the Financial Times, the CEO of Volkswagen said that the company sold out of electric vehicles in Europe and the United States for the year. This means that 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 navigate the chip shortage and production issues from COVID shutdowns in China.

VW expects its orders to keep growing, according to the report. It currently has a lot of people waiting to get an EV and expects to add more throughout the year. Supply chain issues will make filling those difficult. A lack of chips has led to a halt or slow down in production. Some people have taken out features from their vehicles to get them off the assembly line. It can be difficult to make batteries for electric cars in the best of times.

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VW sold over 100,000 electric cars in the first quarter of 2022. According to its latest earnings, the company sold over 300,000 in the same time period.

VW isn't unique in its difficulties keeping up with the demand for EV. The current model year of the F-150 is no longer available for retail order, and Ford stopped taking reservations for the electric truck in December. I could go to a dealership and buy a Ford mustang Mach-E, the automaker's other consumer-focused EV, but VW is completely out of EVs.

The company is trying to grow its presence in America, according to the company's CEO. He said in his interview that he expected the company's growth in the States to be mostly from electric vehicles.