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Benzinga
Benzinga
Business
Phil Hall

Volkswagen's Electric Vehicles Sold Out For 2022: Report

Volkswagen

Volkswagen AG (OTC:VWAGY) announced that the demand for its electric vehicles has been so great that some models have already been sold out for the year.

What Happened: According to a Bloomberg report, the German automaker stated that even when its electric vehicles are available again in 2023, the waiting list for these models is substantial. Sales of the company’s fully-electric and plug-in hybrid vehicles reached approximately 762,000 cars in 2021, an 80% year-over-year spike.

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