Volkswagen expects to reach 1.5 million MEB-based BEVs two years earlier than previously anticipated.
The strategic target of 1 million BEV produced in 2025 will now be reached two years earlier than the planned end of 2023!
By 2025, the German brand expects to reach production of 1.5 million MEB-based BEVs annually.
"Volkswagen’s electric offensive has picked up speed as planned."
"Over the next few years, Volkswagen intends to become the world market leader in e-mobility and is investing €33 billion in these efforts throughout the group by 2024, including €11 billion in the Volkswagen brand. Under the latest plans, the strategic target of one million electric cars is expected to be reached end of 2023, two years earlier than previously predicted. The Volkswagen brand expects 1.5 million electric cars to be produced in 2025."
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As of today, Volkswagen has received more than 37,000 reservations for the ID.3 model (with paid a pre-booking deposit).
While the number of ID.3 reservations is higher than the planned number of 30,000 ST1 launch edition cars, it's also just 7,000 or so above the number in September 2018.
"With the world premiere of the ID.3 at the IAA 2019 International Motor Show in September, Volkswagen presented the first model in an entirely new generation of all-electric vehicles. The ID.3 is based on Volkswagen’s Modular Electric Drive Toolkit (MEB) and offers ranges from 330 to 550 kilometers (WLTP). The basic version of the model will cost less than €30,000. For the first time, Volkswagen also offered pre-booking for the ID.3. To date, over 37,000 customers have reserved an ID.3 and paid a pre-booking deposit."