Volkswagen will refocus on elevating productivity following several difficult many years and is targeting margin parity between electric and combustion engine cars and trucks in 2-3 yrs if uncooked material costs normalise, its finance chief stated on Friday.

“The issues will not turn into less complicated future 12 months,” Arno Antlitz reported on the sidelines of the carmaker’s extraordinary typical conference in Berlin, pointing to buy guides of 1.8 million in Europe with demand from customers considerably oustripping the tempo of offer as chip supply remained restricted.