business / news / / 7NEWS Australia
Volkswagen brand CEO Thomas Schäfer said the brand’s ID.3and ID.4 electric vehicles (EVs) will be replaced by ‘true Volkswagens’ in a dramatic shake-up.
Volkswagen will replace the ID.3 and ID.4 with redesigned models addressing design and usability complaints.
KEY POINTS
- Volkswagen is reversing its plan to only sell EVs by 2033 and will recommit to ICE models.
- Production of EVs will end at Volkswagen's Tennessee plant, costing US$800 million to retool operations.
- Volkswagen will use established model names like Golf and Polo for future electric vehicles to improve appeal.
- Regulatory rollbacks in the US and Europe are influencing Volkswagen's renewed focus on internal combustion vehicles.
COMPANIES
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