Wednesday, March 15, 2023

Volkswagen Introduces Sub-$30K Electric Vehicle (VOW.de)

From Yahoo Finance, March 15:

Volkswagen's ID. 2all is a sub-$30K EV for the masses

Volkswagen (VOW.DE) achieved something on Wednesday that Tesla (TSLA) couldn’t at its investor day this month — show off a sub-$30,000 electric vehicle (EV).

At an event in Hamburg, Germany, Volkswagen offered a first glimpse of its ID. 2all concept, a car that will cost less than 25,000 euros ($26,400) and go into production for the European market in 2025. VW didn't mention whether the car would eventually come to the U.S.

"The ID. 2all shows where we want to take the brand. We want to be close to the customer and offer top technology in combination with fantastic design," Volkswagen Passenger Cars CEO Thomas Schäfer said. "We are implementing the transformation at pace to bring electric mobility to the masses.”....

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