Volkswagen is introducing its new electric car prices under 25,000 euros ($26,300)
The latest models provide them with the “widest range of electric vehicles.”
Last year, in 2022, battery-powered electric cars accounted for a record 7% of the VW group’s deliveries.
A German auto giant, Volkswagen, unveiled a new advanced budget-friendly electric vehicle. The company produces new electric vehicles as the competition in the EV sector revs up.
In addition, the new ID.2all model, with front-wheel drive and a range of up to 450 km, is approximately 280 miles. According to the company, the new vehicle is quite budget-friendly and costs under 25,000 euros ($26,300).
Moreover, ID.2all has all the modern features. It comes under the 10 new electric models the company plans to roll out by 2026, as the arrival will sharply boost investment in electrification and digitisation.
Volkswagen, internationally known as the Volkswagen group, is a German multinational automotive manufacturer headquartered in Germany.
Volkswagen engages in the production and sale of passenger cars and light commercial vehicles. The company also develops vehicles and components for the brands of the group.
However, the company operates through passenger cars, power engineering, commercial vehicles, and financial services.
Not only this, but the company is also engaged in developing motorcycles, engines, turbomachinery, and commercial vehicles. In 2016, the company was the world’s largest automaker by sales.
In addition, continuing with the title in the years 2017,2018 and 2019, selling 10.9 million vehicles. The company has maintained the largest market share in Europe for over two decades.
Until now, the company has produced unique, fully high-tech vehicles, including Audi, Bentley, Ducati, Jetta and many more.
Hence,this time the company has planned to facilitate customers who want to enjoy cheap high-tech vehicles. Therefore, the new electric vehicle will provide all the facilities at a comparatively low cost.
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% in Europe”.
“We are implementing the transformation at pace to bring electric mobility to the masses, ” stated Thomas Schaefer, VW passenger Cars.
In addition, Thomas Schaefer, a member of VW directors, said the company was confident it could maintain the low price point through “economies of scales”, achieved with high sales volume.
On Tuesday, Volkswagen said, “it would invest 122 billion euros in the shift towards electric vehicles over the coming years”.
“As early as 2025, every fifth vehicle sold worldwide is expected to be one with an all-electric drive,” states the Volkswagen Group.
According to the company, the primary reason for the spending increase is establishing an electric range, including expenses linked to securing raw materials for batteries.
The company’s vision is to expand its product line in the North American Region.
However, the company aims for a broader way to increase its competitiveness in key markets in China. China is where the company has fallen behind US rival Tesla and local manufacturers of electric cars.
As per the analysis, in 2022, battery-operated vehicles accounted for a record 7% of the VW group’s deliveries, costing just over 572,000 units globally.
In 2023, the company wishes to increase 10% of its car sales by.