Volkswagen CEO Herbert Diess has promised the NEO electric car in 2020 with 400 kilometer (250 mile) range at a price of $28,000. Volkswagen has invested $30 billion into electric cars and batteries. They are building a large plant in Shanghai.
The NEO electric cars will first be introduced in China and Europe.
There will be a modular electric platform (MEB) which will be the basis for a million EVs a year by 2025.
There will be a hatchback and ID Crozz crossover and then 2022 there will be an electric Microbus.
260-mile range for the mid-range Tesla model 3 and 310 miles for long-range
Tesla is expanding into Europe and China with its Model 3. By 2020, Tesla should have finally reached its $35,000 Model 3 price point without incentives. Currently the mid-range is about $46,000. They expect $10,000 in incentives through the end of 2018.
Volkswagen AG (OTC: VLKAY), is one of the world’s largest automobile manufacturers. In 2017, it was worth more than $75 billion.
Volkswagen owns Audi, Bentley, Lamborghini and Bugatti, Skoda and Seat.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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