Tesla and VW lower delivery expectations because of chip shortages and raw material costs - 13 mai 2022

The world’s largest carmakers have warned supply chain disruptions and higher raw material prices threaten the rollout of electric vehicles, even as demand for battery-powered models vastly exceeds manufacturers’ current production capacities. Speaking at the Financial Times’ eighth Future of the Car summit this week, Tesla (US.TSLA) boss Elon Musk cast doubt on his company’s ability to reach its target — put in place just months ago — of delivering 20mn electric cars a year by the end of the decade, calling it an “aspiration, not a promise”. But the tone at the summit this week was markedly more reserved. Not a single leading executive announced higher targets for electric vehicle sales, or battery production. Tesla’s closest competitor, Volkswagen (DE.VOW3), which has long aimed to overtake its rival in electric vehicle sales by 2025, played down its prospects of reaching that goal, calling it “very, very tight”. “Many people are now, I think, a bit over-optimistic,” said VW chief executive Herbert Diess, referring to the rollout of electric vehicles worldwide.

https://www.ft.com/content/fbe8843e-1d2e-4a25-bce8-dcf77304fc37