# Volkswagen to build 800,000 fully-electric cars this year
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-05-12
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Volkswagen plans to build 800,000 electric cars in 2022,
Meta Description: Volkswagen plans to produce 800,000 electric vehicles this year and 1.3 million in 2023, targeting half of all output to be electric by 2030. Despite production
URL: https://financedigest.com/volkswagen-to-build-800000-fully-electric-cars-this-yearhtml

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BERLIN (Reuters) – Volkswagen is planning to build 800,000 fully electric cars worldwide this year and 1.3 million in 2023, the carmaker said on Thursday, as it works towards making half its global output all-electric by 2030.

It is optimistic that it will reach European emissions targets this year despite challenging circumstances for car production, its sales chief Hildegard Wortmann said, with electric car sales rising even as total deliveries fall.

Speaking during the carmaker’s annual general meeting, chief executive Herbert Diess said he thought the timing was ideal for an initial public offering (IPO) of sports carmaker Porsche, which is planned for the fourth quarter of this year.

(Reporting by Victoria Waldersee; Editing by Maria Sheahan)


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