From Torque News.

Volkswagen just shocked the automotive industry unveiling "Tesla’s affordable car," – if I can put it that way.

Volkswagen has just unveiled its new affordable electric vehicle, the ID.2all, during an investor event in Germany. With a starting price of 25,000 euros ($26,600) and an estimated range of 450 kilometers (279 miles), the ID.2all is aimed at being an affordable, mass-market electric vehicle for the people.

This new vehicle from Volkswagen comes as a response to the disappointment felt by Tesla investors after the recent Tesla’s Investor Day, where it was hoped that a new affordable Tesla model would be revealed, but that hope was buried. VW’s ID.2all concept is a Golf-looking electric hatchback that the company says will be a true EV for the masses.

During the event, Volkswagen outlined a strategy that includes an investment of 180 billion euros ($193 billion) over five years in areas such as battery production and raw materials, with the aim of reducing the cost of EV production and increasing market share to overtake Tesla and others.

The ID.2all is just a concept for now, but Volkswagen expects to put it into production starting in 2025, making it one of 10 plug-in models set to debut by 2026. With its affordable price and potential, the ID.2all could be a game-changer in the electric vehicle market, as Volkswagen aims to make EVs more accessible to the general public.

#tesla #VW #ID2All #TeslaModel2

This is Armen Hareyan from Torque News. Please follow us at https://twitter.com/torquenewsauto on Twitter and https://www.torquenews.com/ for daily automotive news.

Reference
Fortune https://fortune.com/2023/03/16/elon-musk-tesla-volkswagen-id2-electric-car-for-the-masses-unveiled-volkswagen/
Torque News Tesla https://www.torquenews.com/video/volkswagen-just-shocked-auto-industry-unveiling-teslas-car