Volkswagen is set to launch a base-model, long-range electric vehicle for less than $23,000, a price that would undercut the long-awaited entry-level Tesla Model 3 by more than a third. After tax credits, the new version of the Model 3 still starts at about $40,000.
The Volkswagen Group has laid out an aggressive strategy that will include more than 40 all-electric models, as well as dozens of hybrids and plug-ins, for sale through its dozen different passenger vehicle brands. Discussions with Ford Motor Co. could partner them on EV development.
Read the article at The Detroit Bureau.