Tuesday, 31 May 2022 10:24

Volkswagen CEO Confident His Company will Overtake Tesla in Market Share

Written by Can Emir, Interesting Engineering
Volkswagen dealership in the Czech Republic. Volkswagen dealership in the Czech Republic. josefkubes/iStock


...keep up speed. We think, in the second half of the year, we are going to create some momentum," Diess said.


Even though it has been two years since the beginning of the COVID-19 pandemic, carmakers still struggle with the challenges of the disrupted supply chain. Shortages of critical supplies, primarily used battery production, are expected to be an obstacle standing in front of the growth of electric vehicle sales in the years ahead.


However, Diess remains confident. He said he believes there are signs the chip shortage could begin to ease after the middle of this year. He said supply chains appear to be "getting in order again," and added, "I would say that we would see an alleviation of this situation towards mid-year and second half we should be in better shape---if the situation is not getting any worse, which I don’t think so."


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