Home » Lifestyle » Audi bets big on electric vehicles as demand surges, supply chain snarls persist
Audi bets big on electric vehicles as demand surges, supply chain snarls persist
Comments Off on Audi bets big on electric vehicles as demand surges, supply chain snarls persist
Biden drives electric car at Detroit auto show
The Federalist Senior Editor David Harsanyi discusses how Biden is still pushing the EV agenda despite economic crisis on ‘Fox Business Tonight.’
Audi has been unable to keep up with customer demand for its portfolio of electric vehicles due to supply chain challenges.
"We see a huge demand for electric vehicles, actually more demand than supply," Audi of America President Daniel Weissland told FOX Business. "The supply is challenged to a certain extent by the global supply issues we all have, and we constantly evaluate to see how we can increase our capacity to make sure that every customer gets to drive an electric vehicle."
Audi reported a total of 48,049 vehicle deliveries in the second quarter of 2022, down 28% year over year. However, its all-electric e-tron family model line saw year-over-year sales growth of 87% during the quarter. The e-tron SUV, Sportback and GT delivered a combined total of 4,777 units during the quarter.
Though Weissland is "pretty confident" in the automaker's ability to fulfill the majority of its EV orders, he expects that supply chain issues will likely persist for the next few years.
"I don't think it's going to go away completely," he added.
BIDEN PROMOTES EXPENSIVE ELECTRIC VEHICLES AT AUTO SHOW AMID RECORD INFLATION
Audi plans to invest 19 billion euros ($18.98 billion) globally in electrification through 2026. Weissland said that all new Audi vehicles introduced after 2026 will be fully electric and the company will stop producing internal combustion engine vehicles in 2033.