VW plans to outshine Tesla
Volkswagen CEO Herbert Diess, pictured above, has announced that by 2020 the car manufacturer will make electric vehicles (EVs) that are as capable as Tesla’s for half the price.
“We will come in 2020 with vehicles that can do anything like Tesla and are cheaper by half,” Diess said on a German television program, reported online news-site Electrek.
Volkswagen said last year that it plans to invest around $US40 billion in EVs, self-driving vehicles, and mobility services by the end of 2022.
The car manufacturer is targeting sales of three million electric vehicles per year by 2025 across 50 planned models, according to Reuters.
Volkswagen’s upcoming EVs include the I.D. Buzz minibus, I.D. Crozz crossover SUV and I.D. compact car.