Volkswagen Joins The Race To Produce A $25,000 Electric Vehicle
Things are heating up between Tesla and Volkswagen. Project BEV versus Tesla's 4680 battery. The race has begun to the $25,000 EV.
Has anyone ever noticed that a majority of vehicles on the road today are internal combustion? There's a reason for this, electric vehicles are currently quite expensive. The cheapest Tesla is currently $37,990 without potential savings. Volkswagen's ID.3 starts around $34,000 and isn't sold in the United States. One could currently purchase a Volkswagen Golf and Honda Fit for roughly the same price. However, Tesla and Volkswagen have acknowledged this reality and are currently working on more affordable electric vehicles. Tesla is currently designing a 4680 battery cell that they hope will be more efficient and cheaper to manufacture. This battery will correspond to a $25,000 Tesla within 3 years. Volkswagen has started project "small BEV" or small battery electric vehicle. What they plan to do is create a electric vehicle roughly the size of Volkswagen Polo that'll serve as the sub-compact to their ID.3. This vehicle is projected to start at $24,000 or $1,000 cheaper than Tesla's planned affordable vehicle. Europe is currently a battleground between the two companies. The Tesla Model 3 and the Volkswagen ID.3 are the contenders. Sales of the two have been rising and declining throughout the continent. These two new affordable vehicles could make or break these companies this decade. These two cars could transform the roads to make the majority electric or at least put internal combustion vehicles into a tailspin. This decade could be the transformation many has predicted. The success of these two electric vehicles perhaps will serve as the key, to unlock a new reality.
What do you think of Tesla's and Volkswagen's affordable vehicle plans? Feel free to comment down below. Cheers
Lambert, Fred, “Tesla and Volkswagen to Compete with New Affordable Electric Cars at ~$25,000 to $30,000.” Electrek, 27 Nov. 2020, electrek.co/2020/11/27/tesla-volkswagen-compete-new-affordable-electric-cars/