Published: Sun, May 12, 2019
Markets | By Otis Pena

Volkswagen Unveil ID 3

Volkswagen Unveil ID 3

All of those orders were for the 1st Edition spec, which includes the mid-spec battery and a range of over 260 miles at a cost of less than €40,000.

Volkswagen has taken a page out of Tesla's book, and thrown open reservations on the new VW ID.3 all-electric city vehicle. Volkswagen explains that the ID stands for "intelligent design, identity and visionary technologies," while the 3 references the model's compact sizing and its place in VW's historical hierarchy. MEB will also be used for 15 million cars across the VW group in the first wave, with four major vehicles types: The ID.3, the Vizzion (saloon), Crozz (SUV) and the Buzz (van).

VW revealed the ID.3 will be assembled at its Zwickau factory.

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With VW chief Herbert Diess promising previous year that the carmaker would be selling EVs like Tesla but "cheaper by half" by 2020, it was thought that "electric for everyone" (as the carmaker's motto goes) would mean a price tag of somewhere in around €20,000-25,000.

The Volkswagen Group can really be considered a "Tesla killer" on account of its huge resources and technologies, unlike smaller rivals in the USA and China that have laid claim to this title on the strength of a single electric vehicle (EV). Volkswagen plans to sell 100,000 of its ID.3 electric cars a year - or more - once production gets rolling. The ID.3 1ST will ship in three variants: the base model, which has "comprehensive" voice control and navigation systems, the ID.3 1ST Plus which has "additional IQ". The "ID.3 1st Plus" edition, which was introduced in Berlin on Wednesday, will come with fancier interior lighting and a two-tone exterior. Reservations are being taken now, with a refundable 1,000 euro ($1,122) deposit. Volkswagen said production is expected to begin at the end of 2019, with deliveries starting in Europe around mid-2020. As of this week, customers can reserve a model - already more than a third have been reserved. Volkswagen is working hard to eliminate the hitches. First, you raid your sofa and the area under the seats of your current vehicle for loose change until you manage to round up 1,000 euros.

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