Volkswagen Claims Development Costs Of EVs Are More Than Expected, Competition Has An Advantage

Volkswagen likely has more electric vehicles lined up in the next few years than any other automaker, but now the German automaker expects those cars to cost more than expected as it sees the competition making progress.

Chief Executive Officer Herbert Diess made the comment in an interview for the company internal newsletter:

zlives - 9/13/2018 5:02:52 PM

-1 Boost

uglybits (prius + tesla) = VW evehicles?!!!

MDarringer - 9/13/2018 6:23:01 PM

-1 Boost

Whoa...a VW that costs more than expected...that's totally out of left field.

qwertyfla1 - 9/13/2018 7:57:40 PM

-1 Boost

Translation: You have money and we want it

TheSteve - 9/14/2018 2:19:02 AM

+2 Boost

re: "...EV development costs are more than expected..."

There are two factors to consider:
1) Actual costs
2) What **VW*** expected

It appears that VW's expectations were out of line. They should have done their homework better.

MrEE - 9/14/2018 7:13:54 PM

+1 Boost

Even GM turned to LG for their full EV.
They bet on diesel and late to develop hybrids. Plus the cost of diesel-gate, they will be hurting for years. The ones making money will be the battery suppliers.

carloslassiter - 9/16/2018 8:14:55 PM

+1 Boost

Translation: Making an actual Tesla competitor is harder than these guys thought.