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VW Is Already Sold Out of Some Electric Models for the Year

  • Electric car profitability is improving faster than expected
  • Rising battery raw material prices are a concern, CFO says
VW’s sales of electric and plug-in hybrid vehicles last year jumped more than 80%.

VW’s sales of electric and plug-in hybrid vehicles last year jumped more than 80%.

Photographer: Liesa Johannssen-Koppitz/Bloomberg

Volkswagen AG said strong demand for its electric cars means the maker of the Porsche Taycan is already sold out of some models for the entire year.

While some models won’t be available again until 2023, there are long wait times for a range of others, Chief Financial Officer Arno Antlitz said Tuesday. The demand is improving returns of battery-powered cars that are now expected to reach parity with combustion-engine vehicles ahead of schedule.