Herbert Diess, Volkswagen CEO: "Producing the ID.3 costs us 40% less than the

"By creating an electric-only model, we will get a 40% reduction compared to the cost of eGolf. The biggest reduction will be in battery and cell costs, but dedicating an entire factory to electricity production alone will allow us to reduce the price by another 5-10%"Said the manager.

Among the other reasons that lead to such a high reduction in the production cost compared to the electric model of the Golf, there is also the high-volume production of ID.3 and the sharing of the electric platform with other brands, including Ford.

So significantly reducing the production costs of an electric car also means bring profit margins on a single car to similar values ​​compared to conventional cars. A nice step forward that can mean a decisive acceleration in the electric field.

"This reduction in production costs is one of the main reasons why Volkswagen is sure to be able to push more and more into the electricity sector, without this eroding the profits of the company"Concluded the CEO.