VW plans cheaper EV
Volkswagen is reportedly planning to produce a cut-price electric vehicle for the masses.
According to a report by Reuters, sources told the outlet that the German maker is converting three of its production facilities in preparation to rollout a more affordable electric vehicle.
The EV for the masses will slot in below the upcoming ID Neo, already planned to be an affordable new electric vehicle costing around the same as a current Golf hatchback
For the moment, the model is internally named ‘MEB Entry’, in reference to the all-electric MEB platform that will underpin at least the first-generation of VW's electric vehicles.
Anonymous sources said the new model will be discussed at a supervisory board meeting on November 16, with the intention to produce 200,000 vehicles that could be sold at a price under $30,000.
That could undercut the Tesla Model 3 low-range model which is yet to see reality. Instead, the US maker is concentrating efforts on the Model 3 Performance, delivering over 50,000 vehicles and recording its first quarterly earnings profit in years.
The sources also told Reuters that a new electric vehicle, the ID Aero, would be produced at the Passat mid-size sedan plant. It would follow in the steps of other ID concept vehicles which are going into production, such as the reborn Kombi bus, the ID Buzz.
Volkswagen declined to comment on the report but last month chief executive Herbert Diess said that in the face of the devasting diesel emissions scandal and without significant change to its structure the German auto industry could go the way of Detroit.
“If you look at the former bastions of the auto industry like Detroit or Turin, you understand what happens to cities when once-powerful corporations and leading industries falter,” he said.
“From today’s point of view, the chances are perhaps fifty-fifty that the German auto industry will still belong among the global elite in ten years’ time.”
In its board meeting this month the Wolfsburg-based manufacturer will also discuss a new venture with South Korean battery cell manufacturer SK Innovation and sharing electric and autonomous technology with Ford.
Alex Rae is Drive’s Melbourne based reporter with over 10 years’ experience in the automotive industry as a photographer and journalist. Having studied both engineering and the arts, Alex understands what makes things tick while appreciating that sometimes it’s all about form over matter…