Amid the headwinds on the supply side, the demand side is strong and order books for EVs are well filled, revealing growing consumer interest. Demand is fiscally supported and is clearly there. Europe's market leader in EVs, VW, indicated in April that it had an order book of 300,000 EVs for Western Europe alone (three times its global deliveries in 1Q), although new EV orders will only be delivered in 2023. Higher fuel prices due to the war in Ukraine may also fuel consumer interest in BEVs. Although electricity prices have also soared, electric engines are more energy-efficient than combustion engines and in ... (full story)