Volkswagen plans to build 800,000 fully-electric cars in 2022

Volkswagen is preparing to build 800,000 fully electric cars globally this year and 1.3 million in 2023, the automaker said on Thursday.

Volkswagen delivered 452,000 EVs worldwide in 2021 and aims for half of its overall production output to be fully electric by 2030.

The recent sales of the automaker have shown that electric car sales are increasing even though total deliveries declined.

While the automaker earlier predicted its EVs would match profit margins on combustion engine automobiles in 2-3 years, CEO Herbert Diess has now said that the automaker will do it sooner than that because it is being in a “robust financial position”, regardless of the challenging economic environment.