VW Will Build New North American Factory For Electric Cars

first_imgYou better bet that we are all about VW coming forth with an onslaught of affordable and compelling EVs. Despite the whole “Dieselgate” conspiracy, we want and NEED this to happen as much as anyone, and these huge steps are exciting. Let’s hope together that Volkswagen is sincere and on point and can really bank on all of it. Honestly, it could become hugely monumental if substantiated. Yea, yea commenters will throw shade at VW, but if it really can pull this off in good time, all we can say is WOW and BRING IT ON, please!VW Group of America’s new CEO Scott Keogh specifically said (via Reuters) that this new North American plant must be established before the automaker can officially reveal a new, undisclosed electric car that will be priced around $30-40k and will arrive in 2020. VW Group has already announced spending some $50 billion on research, development, and deployment of EVs, on top of new efforts in partnership with Ford.The automaker currently maintains a U.S. site in Chattanooga, Tennessee. As far as Keogh is concerned, there may be enough space at that plant to move forward. However, he says that it may not be the final answer. VW is looking at options beyond the already established facility. He makes it clear that, despite Tesla’s current success, there is huge opportunity in the U.S. According to the CEO, VW can still take hold off the ever-growing electric car market. Keogh concludes:The market timing actually is quite perfect. You need to have this intersection of, ‘Can you get costs down enough that you can produce a car at that price point, make enough money, have the technology capabilities that this is a car that we would want to put in the marketplace, and have market acceptance? And when all these things intersect that’s ideally when you want to throw the dart.All we can do is hope and will it to happen folks. If it does, it will wow the segment to the nth degree. Fortunately, our own long-time EV expert Tom Moloughney was able to hit up VW at the L.A. Auto Show and voice his/our concerns. Hopefully, some new information was gleaned via the interview. We plan to share his insights more in the coming days.Source: Reuters VW Claims By 2020, Its Electric Cars Will Match Tesla At Half Price VW Outlines New Electric Car Offensive For China Volkswagen’s new CEO is actively searching for a location to build an electric car factory in North American.It’s crazy to us at InsideEVs that Volkswagen is doing so much to promote and gear up for its electric car efforts. We’re impressed by the company’s massive charging network plans and its increasing announcements of a plethora of upcoming EVs. Also, the fact that it’s talked about multiple battery factories and is looking for global areas to build EV factories. We can only hope that all these efforts will pay off. But, we struggle to cover VW’s press releases and shares since there is so much contradictory information. The automaker has not much shown much for its efforts, yet. We’ve never seen a company release so many new announcements, but fail to deliver.Additional Volkswagen Announcements: UPDATE: VW CEO Says Automaker Will Make Electric Cars Mainstream Source: Electric Vehicle News Author Liberty Access TechnologiesPosted on November 29, 2018Categories Electric Vehicle Newslast_img

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