Tesla plans to release a competitor Volkswagen ID by 2022

Tesla plans to release a competitor Volkswagen ID by 2022

August 11, 2018 0 By autotimesnews

Tesla is preparing another novelty until 2022 – a compact electric hatchback, which will supplement the segment of the company’s budget cars. This is reported by the foreign publication Autocar with reference to Elon Musk.

Despite the fact that the company is still trying to fully master the production of its Model 3, the future rival of Volkswagen ID can be the key to ensuring that Tesla fully proves itself in the long term as a global automaker.

A compact hatch is planned to be produced at a new facility in Shanghai, the construction of which was announced last week. At the same time, incidentally, there were news about the upcoming crossover Tesla Y. The production capacity of the plant is designed for 500,000 cars a year. This tells us that the company expects to produce at least two models on it.

Volkswagen is already working on its budget and is ready to submit it in 2020, while the Americans expect to join the game a little later – in 2022. However, this does not diminish their ambitions, since it is expected that an electric car with original batteries will be much cheaper. Tesla, along with a partner from Panasonic (a battery manufacturing joint venture), are convinced that this is their main advantage.

According to research by Bloomberg New Energy Finance, the main battery manufacturers will enjoy magical 100 euros per kWh by 2025. Experts believe that this will be the starting point for the revolution in the EV industry. Nevertheless, Tesla and Panasonic are expected to reach 100 euro per kWh by 2020. Thus, by 2022, a US citizen’s budget can have a battery costing 70 euro per kWh.

If these predictions turn out to be accurate, then Mask has every reason to be optimistic that Tesla can offer a significant price advantage to the manufacturers over the next five years. But before Tesla takes on the potentially affordable EV, you need to finally deal with the Model 3 production process.

Another advantage of the company is the new “flexible scheme” of the technology that will be applied to the future cross-over Y. Perhaps, to achieve a more affordable price for a compact hatch, it will also be used in its creation.

Recall that recently held a press conference with journalists, at which Elon Musk confessed that he could not keep his earlier promise about the release of one million cars by 2020.