New VW EV '40 per cent cheaper to build'

clock
The new VW ID.3 | Credit: VW
Image:

The new VW ID.3 | Credit: VW

Innovation in battery technology and economies of scale will make Volkswagen's latest electric vehicle significantly cheaper to produce, company claims

Volkswagen's new 'people's EV', the ID.3, will be 40 per cent cheaper to build than the electric version of its Golf model, the carmaker's chief executive said yesterday. Speaking to investors, Herbert...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Automotive

Shipping activity in the Arctic is increasing as melting ice opens up new trade corridors | Credit: iStock

IMO Climate Talks: UN shipping body takes action on black carbon, but refuses to revisit 2050 climate target

Latest round of UN climate talks for shipping delivers mixed results, offering progress on black carbon while a resolution for a 2050 zero emission target was quashed

Cecilia Keating
clock 26 November 2021 • 4 min read
An artist's impression of the planned Immingham plant | Credit: Velocys

Sustainable fuels company Velocys raises £25m in oversubscribed funding round

CEO says firms waste-to-jet fuel technology is now ready for commercial scale deployment

Cecilia Keating
clock 26 November 2021 • 3 min read
Electric vehicle startup Nio inks battery swap station deal with Shell

Electric vehicle startup Nio inks battery swap station deal with Shell

News of tie-up comes as Kaluza announces EV charging technology deal with Japan’s Mitsubishi Corporation

Cecilia Keating
clock 26 November 2021 • 2 min read