The automaker has a 300,000 order backlog in Europe alone.
The auto world buzzed when Ford released the new Mustang Mach-E and GMC unleashed the insane Hummer EV, but other automakers have seen tremendous interest in new electric models. Volkswagen, whose ID.4 electric crossover landed in the US last year, says it has effectively sold out of EVs for 2022 and notes that it will push some orders into 2023.
The automaker says it has sold more than 99,000 EVs worldwide in the first quarter of 2022. Though Tesla's totals were multiples more than that, Volkswagen feels bullish about its current backlog of orders. There are more than 300,000 orders in western Europe alone, and customers in the US could be waiting until at least 2023 for their EV. Only the ID.4 is sold here now, but we expect to see other models coming soon.
VW CEO Herbert Diess said that demand is strong for all of the automaker's EVs, including the ID.3 and ID.4, Audi electric vehicles, and Skoda in Europe. Volkswagen wants to build 700,000 EVs in 2022, but the world has not been kind to automakers so far this year. Pandemic-related lockdowns and supply chain issues have put a damper on VW's ability to build and sell EVs in China. The German carmaker only sold 28,800 EVs in the country during the first quarter of 2022, well off track to meet its goal of 140,000 vehicles.
Volkswagen isn't alone in this boat. All automakers have faced difficulties and parts shortages, causing major auto suppliers like Bosch to lower their 2022 production forecasts.
Ford stopped taking orders for its new Maverick pickup truck under similar circumstances, saying that some buyers would wait until 2023 for their vehicles. Even Tesla, the company that leads EV sales, has extended wait times for some of its most popular models.
Though it's outwardly optimistic, Volkswagen has a lot riding on its upcoming vehicle releases. The automaker has pledged to go all-electric within the decade, so long delays on its newest EV models aren't a good look. It's also important to note that the ID. Buzz is coming soon, which will become somewhat of a flagship EV for Volkswagen, so it's vital that the automaker gets back on track.