Volkswagen’s Chief Executive, Oliver Blume, announced at a recent conference that the company is aiming to produce an affordable electric car by the second half of this decade. While no final decision has been made on the pricing of the vehicle, Blume expressed confidence in Volkswagen’s ability to deliver an electric car with a price tag of around 20,000 euros ($21,714.00).
To achieve this goal, Volkswagen plans to reduce the costs associated with electric vehicles, primarily by focusing on reducing battery expenses. Blume highlighted the company’s intention to produce a unified battery cell, which is expected to cut battery costs by approximately 50%.
Earlier this year, Volkswagen unveiled its plans for an all-electric car priced at 25,000 euros. This vehicle, set to launch by 2025, is projected to have a range of 450 kilometers (280 miles) and a fast-charging capability, allowing the battery to charge from 10% to 80% in approximately 20 minutes. While the company initially mentioned a 20,000-euro vehicle, no further details have been provided.
Blume emphasized Volkswagen’s responsibility to offer the right products at the right prices, striving to win over consumers who may not have the means to install charging stations at home. However, there are several barriers hindering electric car demand, including inflation, a lack of charging infrastructure, and the removal of government subsidies.
Volkswagen’s pursuit of an affordable electric car underscores the company’s commitment to the electric vehicle market. By prioritizing cost reduction and addressing consumer concerns, Volkswagen aims to broaden the appeal of electric cars and accelerate the transition to sustainable transportation.
What is Volkswagen’s plan for an affordable electric car?
Volkswagen aims to produce an electric car with a price tag of around 20,000 euros by the second half of this decade.
How does Volkswagen plan to reduce costs associated with electric vehicles?
Volkswagen intends to develop a unified battery cell, which is expected to cut battery costs by about 50%.
What are the details of Volkswagen’s upcoming all-electric car?
Volkswagen’s upcoming all-electric car, set to launch by 2025, will have a range of 450 kilometers and a fast-charging capability that allows the battery to charge from 10% to 80% in around 20 minutes.
What are the barriers to electric car demand?
There are several barriers, including inflation, a lack of charging infrastructure, and the removal of government subsidies, which impede the demand for electric cars.