Volkswagen is accelerating its electrification plans after selling 500,000 electric vehicles
Volkswagen announced today that it has officially sold 500,000 ID electric vehicles worldwide, and the company plans to accelerate its electrification plans following their success.
With the departure of their previous CEO, Herbert Diess, many were pessimistic about the company’s electrified future. Nonetheless, Volkswagen has continued with its electrification plans, now selling four different ID-branded electric vehicles. And with their worldwide success, which now officially sells for half a million, the company plans to accelerate its electrification plans.
Volkswagen’s press release about its half-millionth ID vehicle sold contained plenty of good news from the company. Orders for their electric vehicles remain strong, currently standing at 135,000, a 65% increase from 2021, and despite supply constraints, the company remains optimistic about its ability to deliver the vehicles quickly. . Additionally, VW’s EV range now spans three different vehicle categories; the Compact car VW ID.3, the VW ID.4 and the ID.5 midsize SUVs, and the VW ID.6 full-size SUV.
The company’s optimism was best illustrated by its plans to accelerate electrification. Volkswagen now plans to end ICE production in Europe by 2033 and plans to introduce ten new electric models globally by 2026.
As for market-specific plans, Volkswagen said it aims for 70% of sales to be fully electric in Europe by 2030, while it expects 50% of sales to be fully electric. electricity in the United States and China within the same time frame.
However, it’s not all good news for the German auto giant. Supply constraints remain an ongoing issue, so much so that sales board member Imelda Labbé said the conditions could affect production times; “We are doing everything we can to deliver the approximately 135,000 IDs as quickly as possible. ordered from our customers. However, due to the ongoing tense situation in parts supply, we have to repeatedly adjust production.
Volkswagen’s other major challenge is an uphill battle for sales in North America, especially when it comes to electric vehicles. While Volkswagen is obviously far from fighting with the likes of Tesla for control of the EV market, they still lag behind other legacy brands such as Ford and Hyundai/Kia in EV market share. If there is a silver lining, the way forward is clear; expand the range of electric vehicles and increase production capacity with it.
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