- Volkswagen is fairly optimistic about its upcoming ID.4 electric SUV, mentioning that it is expecting to sell around 500,000 models of the EV per year.
- The company is aiming to have produced around 1.5 million electric cars per year by 2025 as per the brand’s CEO Ralf Brandstätter.
- The Volkswagen ID.4 will be officially unveiled later this month while deliveries of the vehicle should commence a few weeks later.
For those following Volkswagen’s recent developments in the mobile industry, there’s no denying that it has a lot of faith in the upcoming ID.4 crossover EV. With the vehicle expected to be available in Europe and North America by the end of the year, the company is clearly expecting to push a lot of units over the next few years.
In an interview posted on Volkswagen’s site, the newly appointed CEO of the Volkswagen brand, Ralf Brandstätter said that the company is aiming to sell up to 500,000 units of the ID.4 per year. He said that VW expects to have produced 1.5 million electric vehicles per year by 2025 with the ID.4 accounting for a third of these sales.
This seems fairly optimistic but the company is betting big on its production capabilities as ID.4 production has already begun in Germany and China as per recent reports. The company will also establish a production unit in the United States by 2022, which should help manage demand in North America.
Speaking of the demand, Brandstätter said that SUVs are in high demand right now and that the ID.4 is the company’s first electric SUV should work in its favor. Volkswagen will bring the ID.4 to Europe and North America by the end of 2020. The vehicle will be officially unveiled soon while deliveries should commence a few weeks later.
A recently leaked VW internal document showed some of the size similarities between the ID.4 and the Tesla Model Y. It’s clear that comparisons will be drawn given that the two vehicles serve the same market segment. However, the VW ID.4 is expected to have a significant cost advantage over the Model Y, particularly in European markets.