Yahoo Finance Volkswagen unveils ID. 2all EV priced at less than $30,000 in European markets
Yahoo Finance automotive correspondent Pras Subramanian joins the Live show to discuss the unveiling of Volkswagen's ID. 2all EV.
Video transcript
SEANA SMITH: When it comes to the transition of EVs, a lot of the pushback, or a lot of the criticism, has been there's simply not many affordable EVs out there. VW, though, unveiling one that's under 30,000.
PRAS SUBRAMANIAN: This is a big deal, I think, yesterday. They-- yesterday afternoon, late afternoon, in Hamburg, Germany, they unveiled the VW ID.2All. I think it's a strange name. But basically it's a golf-sized--
SEANA SMITH: ID.2All?
PRAS SUBRAMANIAN: ID.2All. Yeah.
- That is strange.
PRAS SUBRAMANIAN: I know. It's for-- they're trying to say--
SEANA SMITH: Doesn't really off the tongue.
PRAS SUBRAMANIAN: No. No. They're trying to say that it's for everyone. I think it's just a concept name. It'll probably be called the ID.2 when full production version there. So it's a compact sort of hatchback. They say a lot of actually more interior space, because you don't have the tunnel there for the transmission, and things like that. So this is kind of a big deal, because they did what Tesla couldn't do. This is a sub $30,000 EV. It's going to be a front-wheel drive crossover there, or sorry, hatchback.
It's going to have run 280-ish miles of range, front-wheel drive. Going to come out around to 2,000-- or I'm sorry. Come out in 2025. So that's kind of-- it's a big deal. But it's only for the European market right now. We'll see if it comes to the US. I think that the thinking is that these smaller cars were more popular in Europe and other places in the world. But hey, if it's really popular, I guess maybe it will come to the US. And then we challenge Tesla where they're not actually at, which is that sub $30,000--
- That would be a starting out price though, right? Then you have to add on the bells and whistles.
PRAS SUBRAMANIAN: Yeah. Yeah. Exactly. This is like, they're trying to deliver at least one model below that $30,000-- or in this case, 25,000 euros in Europe.
- Thank you so much. Pras Subramanian.
