Elon Musk beaten by Volkswagen in the race for low-cost electric vehicles, plans to sell for $26k:- Volkswagen has unveiled its affordable electric vehicle, which it plans to mass-produce in 2026. The cheap vehicle has defeated Elon Musk’s plan to release a more affordable Tesla model.
Elon Musk touted Tesla’s plans to unveil a $25,000 electric car to the public. Volkswagen snatched that market right under its nose. On Wednesday, 15, 2023, Volkswagen unveiled the ID.2all, a small battery-powered hatchback it plans to release for $26,500 when it becomes available on the market in three years.
The Volkswagen vehicle will be available in three years Kelley Blue Book says the average price for an electric vehicle sold as of February is $58.385. Tesla’s Model 3 starts at $42,990.
Volkswagen said the electric vehicle has a range of about 280 miles, front-wheel drive and a single motor delivering 223 horsepower.
According to BusinessInsider, Volkswagen hasn’t made the vehicle mass-available yet. The report says the new EV will be challenging to sell to Americans who love SUVs more than the small hatchbacks popular in Europe.
Elon Musk bashed as he failed to deliver on promise Elon Musk promised in 2020 that a fully autonomous, $25,000 vehicle would be available in three years.
In February 2022, Must told stakeholders that Tesla was too busy working on other projects to deliver on its promise, adding that it was building a humanoid robot. Elon Musk promised as early as March 2023 that there are no such plans to produce a low-cost EV.
Other carmakers are targeting low-cost EVs as a study shows that nearly 70% of US consumers would not want to spend nearly $50,000 to buy an EV, which is the most significant deterrent to their adoption.
“Fuel lol”: Tesla electric car’s plate number causes stir in Lagos, mocking fuel-powered vehicles. Twitter. Instead of the standard code found on a traditional number plate, what is seen on a Tesla is “FUEL LOL,” an apparent reference to fuel-powered engines.
The picture shared on Twitter by @AdeyemiDavid_ quickly went viral and caught the attention of Nigerians. It trended for several hours on the Bird platform.
“Elon Musk Beaten by Volkswagen in The Race For Low-Cost Electric Vehicles, Plans to Sell For $26k”
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Information Source:- https://www.legit.ng/business-economy/technology/1526177-elon-musk-beaten-by-volkswagen-race-cost-electric-vehicles-plans-sell-26k/
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