Volkswagen aims to bring under-$35,000 EV to US in 3-4 years-VW executive
www.reuters.com
Volkswagen aims to bring an under $35,000 electric vehicle to the U.S. market in 3-4 years, while Chinese automaker Nio said it is still "debating" a 2025 entry into North America, senior executives said on Thursday at a Reuters conference.

From the article: “‘We are not scaling back plans for EVs in the U.S. market,’ said Reinhard Fischer, senior vice president and head of strategy at VW Group of America. Speaking at the Reuters Events Automotive USA 2023 conference in Detroit, Fischer said VW plans to build the under-$35,000 EV in the United States or Mexico.”

”VW also is looking at localizing assembly of battery packs for the under-$35,000 EV to qualify for additional incentives under the U.S. Inflation Reduction Act, Fischer said. The German automaker previously has announced plans to build battery cells in Canada for its current and future North American-built EVs.”

Note: this was originally posted in /r/EuroEV

  • SartewBEnglish
    1·
    1 year ago

    The new Citroen C3 on sale next year already costs under $25,000, crazy how some companies like Toyota and Volkswagen are still treating EVs like a joke.