VW Says For Now That EVs Will Remain Out Of Reach For Economically Challenge Buyers

Electric cars for years were more expensive than comparable-class conventional cars. The higher initial prices were offset by lower costs of electricity (vs. fuel) and expected lower maintenance costs over a lifetime.

With mass electrification just around the corner, initial prices of BEVs were becoming more competitive, while performances is often better. Decreasing battery costs per kWh of capacity opens way for fast expansion.

However, according to Hans Dieter Pötsch Chairman of the Supervisory Board of Volkswagen AG, in the case of small, entry-level cars, all-electric versions are expected to remain more expensive than gasoline versions.

PUGPROUD - 1/21/2019 11:10:22 AM

+1 Boost

Economically challenged is code for largest market segment, aka middle class and lower. I'm old enough to remember when the economically challenged didn't include the middle class.

MDarringer - 1/21/2019 11:15:27 AM

0 Boost

Translation: the Golf EV the iD whatever will cost $50K.

mini22 - 1/21/2019 2:08:02 PM

+2 Boost

Well up until this statement VW was touting a base 23 to 24K ID. Since Volkswagen has always been touted "The Peoples" car It appears the big profit is going to be in higher end EV's. The question is will VW suddenly change its pricing structure on the ID. It seems more clarification is needed here.