Volkswagen CEO, Oliver Blume, has expressed his confidence in the company’s ability to produce an affordable electric car by the second half of the decade. Although no decision has been made yet on a specific model, Blume believes that Volkswagen can achieve a price point of 20,000 euros (USD 21,714.00) through a reduction in battery costs.
At the Sueddeutsche Zeitung Wirtschaftsgipfel conference in Berlin, Blume emphasized that the key to lowering the prices of electric cars lies in reducing battery expenses. Volkswagen plans to accomplish this by developing a unified battery cell, which is expected to halve battery costs. In March, the company revealed its plans for an all-electric car priced at 25,000 euros, with a range of 450 kilometers and a battery capable of charging from 10% to 80% in around 20 minutes. While information about the 20,000-euro vehicle remains scarce, the commitment to affordability remains strong.
“We have a responsibility to bring the right products at the right price onto the market,” said Blume.
The push for affordable electric cars stems from the recognition that the initial wave of early adopters has already been reached. To further accelerate the adoption of electric vehicles, Volkswagen aims to convince consumers who are unable to install charging stations at home. However, various challenges such as inflation, the lack of charging infrastructure, and the removal of subsidies contribute to the current sluggish demand for electric cars.
By focusing on reducing battery costs and addressing barriers to adoption, Volkswagen aims to make electric mobility accessible to a wider consumer base. The company’s commitment to affordable electric cars aligns with the larger goal of transitioning toward a sustainable and environmentally friendly transportation system.
1. When does Volkswagen plan to produce an affordable electric car?
Volkswagen aims to produce an affordable electric car by the second half of the decade.
2. How does Volkswagen plan to reduce the prices of electric cars?
Volkswagen plans to achieve price reductions by reducing battery costs through the development of a unified battery cell.
3. What are the specifications of the all-electric car currently under development by Volkswagen?
The all-electric car, set to launch by 2025, is expected to have a range of 450 kilometers and a battery capable of charging from 10% to 80% in approximately 20 minutes.
4. What challenges are currently hindering the demand for electric cars?
The demand for electric cars is hindered by challenges such as inflation, a lack of charging infrastructure, and the removal of subsidies.
5. What is Volkswagen’s overall goal regarding electric mobility?
Volkswagen aims to make electric mobility accessible to a wider consumer base by offering affordable electric cars and promoting sustainability in transportation.