Volkswagen presents new low-price EV
Published on: Friday, March 17, 2023
By: AFP
Visitors take pictures of the new ID 2 electric car model, during its presentation at the Congress Center in Hamburg
HAMBURG: German auto giant Volkswagen has unveiled a new budget electric vehicle, as the competition in the EV sector revs up.The ID. 2all model, with front-wheel drive and a range of up to 450 kilometres (280 miles), will be priced under 25,000 euros ($26,300) when it hits the European market in 2025, the manufacturer said.
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It is one of 10 new electric models the company plans to roll out by 2026 as it sharply boosts investment in electrification and digitisation.
Volkswagen said the new models would give it “the widest range of electric vehicles compared with its competitors” with the aim “to achieve an electric car share of 80 percent in Europe”.
“We are implementing the transformation at pace to bring electric mobility to the masses,” VW Passenger Cars CEO Thomas Schaefer said in a statement.
Thomas Schmall, a member of VW’s board of directors, said the company was confident it could maintain the low price point through “economies of scale” achieved with high sales volume.
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