The electric vehicle market is becoming increasingly competitive. Relatively new companies like Tesla and BYD are leading the way, while traditional car manufacturers are slowly adapting to this new technology. Volkswagen is one of these companies, and they are considering launching a new electric vehicle called the ID.1. The ID.1 would be priced at €17,000, which would make it a very affordable option for consumers. Here are the details…
Volkswagen ID.1, What We Know So Far
Volkswagen is making changes to improve its profitability and cash flow. The company is focusing on its strategic alignments and launching performance programs at all brands. They are also considering launching a new electric car called the ID.1, which would be priced around €17,000. The ID.1 would use a new bespoke electric platform that will be used for similar models from sibling brands Cupra and Skoda.
Price is a key factor in the electric vehicle market. BYD offers a wide range of models at different price points, which has helped the company maintain its market leadership. Tesla also recently made headlines by reducing the price of its electric vehicles. Now, Volkswagen CFO Arno Antlitz says he believes his company can also offer affordable EVs with the ID.1.
The ID.1 would be smaller than the recently revealed ID.2all concept, which VW is aiming to sell for around €26,169. It would likely have a smaller battery pack, which would limit its range. Still, it would still be suitable for urban use. However, the company’s future plans are not limited to this.
Volkswagen is developing a second-generation electric vehicle platform called the Scalable Systems Platform (SSP). The SSP will be used for cars ranging from small city cars to powerful sports cars. It is expected to be ready in 2026. Volkswagen hopes to reduce costs and improve efficiency with the SSP platform. The company believes that the platform will allow it to achieve profit margin parity with conventional cars.
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