VW says its Tesla Model 3-fighter will be $7,000 cheaper

VW announced that the company’s electric concept car, the I.D. Concept, will sell for $7,000 to $8,000 less than the Tesla Model 3.

Volkswagen chief strategist Thomas Sedran announced at the Automobil Forum:

“We are confident that in this new world we will become a market leader. The I.D. Concept will sell for $7,000 to $8,000 less than Tesla’s model.”

He added:

“There was considerable progress in terms of both price and performance. For lithium-ion batteries Sedran expects a drop in prices from currently 150 – 200 euros per kilowatt hour to under 100 euros.”

via electrek