Volkswagen Plans €20,000 Tesla Competitor

By Anna Breuer on 8 November 2018
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Volkswagen will reportedly introduce a new electric vehicle that will compete with Tesla yet sell for less than €20,000 ($22,719).

The German automaker will convert multiple factories to produce electric vehicles according to a report in the Handelsblatt. The new electric vehicles will be based on the automaker’s MEB electric vehicle platform. The platform will be used by the carmaker’s various divisions including Audi, Seat, and Škoda as well as by Volkswagen.

Volkswagen’s I.D. Aero, a mid-sized sedan, will also be built on the MEB platform and is expected to appear in 2020.

The Wolfsburg-based company announced a gradual transition from internal combustion engine-based vehicles to electric battery-based cars with plans to offer EV variants for 300 models across 12 brands by 2030.

Following the Dieselgate scandal in which Volkswagen and other automakers admitted creating software that allowed its vehicles to pass emissions tests by artificially lowering a car’s emissions during a test, multiple cities in Germany have moved to ban older diesels from city centers and both the German government as well as the European Union have put pressure on VW to do more with electric vehicles as a form of penance.

(Photo: Accura Media Group)