This article is based on an article from the Japanese edition of Engadget and was created using the translation tool Deepl.
Volkswagen of Germany is developing a small electric car for the masses that is cheaper than the Tesla Model 3, according to Reuters and other reports.
According to reports, VW is developing an electric car about the size of VW's small car, the Polo, under a project called Small BEV (Battery Electric Vehicle) and is planning to sell it for 20,000 to 25,000 euros. VW's small electric car, the ID.3, which was launched in Germany, was set at about 40,000 euros for the limited 1st Edition, but the Small BEV will be priced even lower than that by more than 10,000 euros.
We don't know yet what the EV from the Small BEV project will look like and when it will be available. However, VW has raised its target for electric vehicles (including hybrids) to account for 60 percent of its vehicle sales by 2030, up from 40 percent previously, in order to cut emissions severely. Investment in electric and self-driving car development over the next five years has also been increased from an initial figure of 60 billion euros to 73 billion euros.
In 2017, VW had announced plans to offer 300 EV models in the group by 2030. To achieve this, this goal of electrifying 60 percent of the cars it sells should help.
In addition, governments are planning to ban the sale of petrol- and diesel-powered cars worldwide by around 2030, which means that the automobile is about to undergo a major change, as it did in the past when television went from analog to digital. Considering the cycle from planning, design, and development to sales, it seems safe to say that the "once in a century" paradigm shift is already in progress for manufacturers looking to secure new markets.
This article is based on an article from the Japanese edition of Engadget and was created using the translation tool Deepl. The Japanese edition of Engadget does not guarantee the accuracy or reliability of this article.