German automobile giant Volkswagen is putting the focus on producing more electric and hybrid vehicles in the next few years, and that is evident from the latest developments at the company headquarters. The company is going to introduce some electric concept vehicles by 2020, and these will help the giant stave off competition from established Japanese rivals and newcomers like Tesla. Herbert Diess, the VW CEO, thinks producing the much-awaited ID.3 electric car will be more comfortable as it will cost at least 40% less than the electric variant of Golf. This is owing to the company’s cutting edge MEB electric platform. It was earlier this month that the company commenced production of the ID3 at its plant at Zwickau. The cost reduction can also be obtained owing to making the car at a facility dedicated to making electric vehicles. The electric version of Golf was not precisely an out and out electric vehicle. It was a conversion model based on the original internal combustion engine unit.
Earlier VW said the cost of making electronic vehicles might be high, but now things have changed for better- as it seems. It is only natural for VW to focus on the electric and hybrid car segment. Of late, its major rivals like Toyota and GM have been making headlines with their futuristic hybrids and electric concept vehicles. This is an emerging segment, and indeed, VW does not want to lose out. It has the aim of making more electric-powered vehicles. By 2023, VW wants to make all Electric vehicles under $22000 range. The iD3 may be a step in that direction.
The German car giant has been going through tough times. Its emissions-cheating scandal that made headlines in 2015 only made things more robust for the company. After that, VW management underwent some significant changes. After the diesel crisis, the company has focused on making new electric vehicles. The fact that Tesla is making a new factory in its home turf has made VW consolidate the electric wing. Diess, however, said the entry of Tesla in Germany would create a healthy competitive environment.