Volkswagen to sell 20,000 electric car

Volkswagen to sell 20,000 electric car
Volkswagen is set to take on Tesla Motors and other manufacturers of electrics with its own all-electric that it aims to sell for less than 20,000, or about $23,000.

The German automaker is planning to convert three factories to make the all-electric vehicles, according to reports. Reuters cites a source in reporting that plans for the "MEB entry" will be discussed at a supervisory board meeting on November 16.

Plans call for a production volume of the all-electric vehicle in the 200,000 range. It also has plans for an electric van, the ID Buzz, according to the source.

Volkswagen is also set to discuss alliances with SK Innovation, a battery cell manufacturer. Its plans to enter the all-electric space comes at a time when cities are moving against diesel cars over health and pollution concerns associated with the vehicles. Additionally, Volkswagen has been working on its image since it was revealed that it had cheated diesel emissions tests.

Source: Reuters News Agency

Written by: James Delahunty @ 8 Nov 2018 21:23
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