Tesla is currently leading the way in the production of electric cars. This electric car manufacturing company has maintained its success and reputation in all fields ranging from personal cars to freight trucks. As a competitor and competitor to Tesla in the production of electric cars, no one has yet come close to the car market. But the famous car manufacturer Volkswagen is trying to break Tesla’s monopoly on the electric car market.
When will the Volkswagen electric car come!
In mid-October this year, Volkswagen’s chief executive, Herbert Dyce said that by 2020, Volkswagen would produce some electric vehicles that would be equivalent to Tesla in terms of efficiency but also half the price of Tesla.
The chief executive director of Volkswagen made such remarks on a program on the German TV channel ZDF, Mabrit Ellner. He said,
Our position in the production of electric cars is now very strong. Volkswagen has so far invested about $30 billion in electromobility. We have set up a plant in Germany and a factory for making electric car parts in Shanghai, China. Hopefully, by 2020 we will be able to come to the market with electric cars that can do everything like Tesla but at half the cost.
Tesla and Volkswagen compete in public
It is very rare among car manufacturers for one company to compete in the name of another. But Volkswagen has been announcing since last year that their worthy competitor is Tesla.
Business Insider, a popular online magazine, contacted Tesla and Volkswagen about the matter, but neither side agreed to comment.
Volkswagen’s investment in electric car production
Earlier, citing Reuters, Volkswagen said last year that the carmaker would spend about $40 billion by 2020 on electric cars, self-driving cars, and vehicle services. And by 2025, it has set a sales target of around three lakh electric vehicles of 50 models per year. Some of Volkswagen’s upcoming electric vehicles include lightning minibusses, cruise crossovers, and compact cars.
Tesla still holds the top spot in electric car production. Tesla’s electric cars have been widely criticized and praised for their quality and beauty. Tesla’s latest car model Three has already gained a good reputation in the current car market.
Price of Volkswagen electric car?
Although Volkswagen has not yet given any idea about the price of their upcoming electric car. However, the idea is that the price of their car maybe 25 thousand to 26 thousand euros. Which is less than but not half that of Tesla.
Volkswagen is expected to launch its first electric car in Europe and China in 2020 and later in North America.
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