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Volkswagen VOW VWAGY 2022 annual meeting EV updates

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A technician fixes a VW sign in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021.

Matthias Rietschel | Reuters

Volkswagen said Tuesday that several of its battery-electric models, including the Porsche Taycan, are already sold out for 2022 and that high consumer demand is helping its electric-car effort become as profitable as its internal-combustion lineup more quickly than expected.

Volkswagen has worked for several years on an aggressive plan to transition to electric vehicles, aiming to have EVs account for half of its global production by 2030. While the plan isn’t expected to hit its full stride until the middle of this decade,…



Source cnbc.com

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