For years, the world’s car companies were hesitant to go all-in on electric cars. Now they can’t make them fast enough.
Anyone looking to make the switch from dirty fossil fuels to clean battery power may be in for a long wait.
The supply of all new vehicles has been constrained throughout the pandemic due to a range of supply-chain issues, but the shortages are more acute in the electric-vehicle market, which doesn’t have nearly as many options to begin with. Carmakers also say demand for their electric models has proved stronger than anticipated.
This month, Volkswagen Group CEO Herbert Diess said the company is “basically sold out” of EVs in the US and Europe for the rest of 2022 because of higher-than-expected demand. That suggests that anyone looking for an electric model from the conglomerate — whether it’s a Porsche Taycan, a Volkswagen ID.4, or an Audi E-Tron — will have to sit tight for at least several months.
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