Electric by VW


Quoted: “VW’s $50 Billion Moonshot Bet on an Electric Hatchback. The ID.3, slated to hit streets in 2020, is the first in the company’s huge pipeline of e-vehicles.”

“The ID.3, scheduled to hit the streets by midyear, is the first of at least 70 electric cars in VW’s pipeline. It will begin rolling off German assembly lines in November, and in 2020 two factories in China will start production, allowing VW to build more cars annually than Tesla Inc. has sold in its entire history. By 2022 the company expects to have eight facilities around the globe making battery-powered vehicles, from the ID.3 to cargo vans to Porsche’s four-door Taycan.”

“VW built its global brand after World War II with the Beetle. Then with sales of the Beetle tapering off, in 1974 the company introduced the Golf, which catapulted it to the top of the European industry. By applying that same sort of focus to its e-car push, “VW could wind up coming through the CO2 challenge as a winner,” says Tom Narayan, an analyst with RBC Capital Markets. “The ID.3 is the cornerstone of the whole thing.”