EnergyWatch

VW launches major electric car push

Pre-ordering is now available for VW's first fully electric car, the model ID.3, which will spearhead the carmaker's EUR 30 billion investment in the EV segment.

Photo: Rainer Jensen/AP/RITZAU

Still burdened by the diesel scandal and ever-sharper environmental regulations from authorities, Volkswagen has taken a strategic leap in betting its whole business on electric vehicles. In any case, the German carmaker has invested EUR 30 billion in developing new EV models.

And VW has now released details on its first fully electric product, the model ID.3. During a press conference Wednesday, VW announced that it has opened pre-ordering for the model, for which, similarly to Tesla's approach, eager buyers can pay a deposit of around EUR 1,000 to jump the queue. The ID.3 is expected to hit the streets in around one year's time, reports Bloomberg News. 

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

HitecVision closes first green transition fund

Nordic pension funds are among the investors in the first private equity fund targeting the green transition launched by Norway's largest private equity firm, which has been focusing on the offshore energy industry for more than 30 years.

Further reading

Related articles

Latest News

See all jobs