an ID. Buzz stands during ID’s production plant tour. Discussion in quality control at the Volkswagen Commercial Vehicle Plant on June 16, 2022 in Hanover, Germany.
Ole Spata | Picture Alliance | Getty Images
CEO of the German Automotive Giant Volkswagen Seeking to address concerns about electric vehicle sales and semiconductor supply, it is anticipated that delivery times for EVs will shorten as the year progresses.
“The outlook is great, we have [a] Very good order intake in Asia,” Herbert Dias told CNBC’s Annette Weisbach on Thursday.
Supply chain constraints – including those related to semiconductors – have proved to be a major challenge for automakers in recent times.
“We are trying to keep delivery times down,” Dias said, “but we currently have a lead time of a year or so, so we are ramping up production… five assembly plants now production Coming in.”
“We will see a ramp-up in the second half of the year, which will be able to really reduce the delivery times for our EVs,” he added. “There is also high demand in Europe and the United States.”
Semiconductors, Dias said, still represent a bottleneck, but said that is likely to change soon. “We will see a relief through the next weeks,” he said.
By the year 2030, VW says it wants at least 70% of its European revenue to come from electric cars. In China and North America, it aims to get at least 50% of its revenue from EVs.
Earlier this year, VW Announces plans to relaunch iconic Scout brand As a fully electric pick-up and “rugged” SUV, production is planned to begin with prototypes in 2023 and 2026.
The company is also focusing on the development of vehicles like a fully electric ID buzz, Inspired by the T1 Microbus or “hippie” van.