The future of transport looks set to be electric, but before we all embrace electric vehicles, they need to become much more affordable. Volkswagen is going to help get us there with a new, small electric car which has apparently just had its development ramped up.
As Reuters reports, the small car project is known as "Small BEV," with BEV standing for Battery Electric Vehicle. The goal is to produce a purely electric vehicle with a price in the range of $24,000-$30,000 and a size similar to that of the well-known Polo model. What isn't known is what kind of range Volkswagen is aiming for, but the low price is sure to attract a lot of interest.
Although we've been hearing about this cheap electric vehicle from Volkswagen since 2018, the development of Small BEV has apparently been moved forward because the company believes much tougher climate regulations are in the pipeline. If so, it means gas-guzzling vehicles will either be forced to hit much tougher emissions targets or be hit with new taxes, directed at either the manufacturers producing them or the consumers buying them (or both).
Right now, Tesla's smallest car, the Model 3, costs around $33,000 for the base model. The Nissan Leaf is around $32,000, and Volkswagen's own ID.3 starts at $42,000. All three vehicles demonstrate how challenging hitting a $24,000 price tag will be, with the likely compromise in the short term being range.
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November 30, 2020 at 07:31PM
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Volkswagen Is Working on a $24K Electric Car - PCMag.com
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