Though Telsa is what pops into the mind of most people when they think about electric cars, the industry is actually much larger than one company. In fact, most traditional carmakers are hard at work on their own electric vehicles. Some are already available, and others are set to debut over the next few years. Most car manufacturers currently share a strong interest in the electric vehicle market thanks to a recent increase in climate-focused consumers.
A primary example of this is Volkswagen, who hopes to have produced more than 1.5 million electric cars by 2025. This comes on the heels of the company’s “Dieselgate” scandal in which it lied to consumers about the environmental impact of its vehicles. Now, the German automaker is seeking to right its wrongs with cars that run on electricity.
Of course, meeting the goal of 1.5 million electric cars by 2025 won’t be an easy task. Though interest has grown exponentially in the last few years, consumers are still hesitant to buy an electric vehicle. A major factor creating this barrier is the fact that charging stations aren’t always readily available. While driving around San Francisco in an electric car might be easy thanks to a charging station on every corner, the same can’t be said for rural areas and less-forward-thinking cities.
Volkswagen also has a short-term goal in its sights. It wants to produce upwards of one million electric cars by the end of 2023. That gives the automaker just three years to reach that lofty number.
To date, Volkswagen’s ID.3 is leading its charge in the electric vehicle sector. The compact vehicle is expected to be released in Europe in summer 2020. The company says that it has already garnered 37,000 pre-orders. A base model, short-range ID.3 will cost $30,000 with longer range versions costing more. It’s worth noting that Volkswagen won’t be releasing the ID.3 in the United States.
With this in mind, and Volkswagen nowhere close to having a million electric vehicles on the road, its goals are probably a little unrealistic. However, it is a clear signal that the company is planning to significantly ramp up its production in the coming years.
Teamwork Makes the Dream Work
Understandably, Volkswagen doesn’t want to be the only company making electric vehicles. As such, it is making its Modular Electric Drive Toolkit (MEB) available to other manufacturers. They will be able to use this as a platform to build their own electric vehicles on.
MEB is a highly diverse framework that Volkswagen is also planning to use for electric microbuses, dune buggies, and crossovers. Sadly, those don’t have a release date or specific details just yet.
Meanwhile, Volkswagen faces harsh competition from others in the electric vehicle market. Tesla is planning to open a new plant in Germany that will produce more than 500,000 cars per year according to CEO Elon Musk. That facility is expected to be operational near the end of 2021.
At this point it’s clear that the future of driving is electric. It’s also clear that Volkswagen doesn’t intend to miss out on the electric vehicle boom that is predicted to happen sometime in the next decade.