Volkswagen has presented an electric car that will become the "main competitor" of Tesla
Large-scale production of the ID.2all is to begin in 2025
The German concern Volkswagen has presented the ID.2all model, the company's first electric car at an affordable price. It is expected to become the main competitor for the most popular Tesla models.
The declared cost of the ID.2all is less than 25 thousand euros.
Large-scale production of the car is expected to begin in 2025. The prototype for the car is one of the most successful models of the German concern – Polo.
The ID.2all has a range of 450 km.
The company relies on software, multimedia, and entertainment systems. The design of the new electric car was borrowed from the most popular and well-known Volkswagen models – Polo, Golf, Beetle.
"ID.2all demonstrates where we want to take our brand. We want to provide our customers with a product that combines fantastic design and the highest technology. We are transforming at a rapid pace to bring electric vehicles to the masses," said VW Brand Director Thomas Schaefer.
Bloomberg notes that Volkswagen needs a new successful model to help it regain its former market leadership. As the trend toward electrification will be recognized by the entire market in the coming years, the concern needs a model of the legendary Golf's level to displace Tesla in Europe or BYD in China.
In addition to investing in new models, the company is actively increasing spending in related industries: automotive software and battery production.
In March, the company announced the establishment of its first battery manufacturing plant abroad, which will open in Canada. Later, the company presented a software development program and announced that it intends to increase investments by 13%, or 180 billion euros, over the next 5 years.
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