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Lowering EV Prices: Challenges and Solutions in the Electric Vehicle Market

The main lever to lower EV prices is lower battery costs, Blume said. He recalled the company’s plans to produce a unified battery cell, which he said would cut the cost of batteries in half.

In March, Volkswagen presented the development of a fully electric car for 25,000 euros (approx. 612 thousand crowns), which is to be launched on the market by 2025. The electric car study “ID. 2all” has a range of 450 kilometers and its battery can be charged from ten to 80 percent in about 20 minutes. At the time, the company said it was also working on a €20,000 car, but did not provide further information.

“Our responsibility is to bring the right products to market at the right price,” Blume said. “After the first people interested in electric cars, we now need to convince consumers of this technology who do not have the opportunity to install a charging station at home,” he added.

According to Blume, the demand for electric cars is also hampered by inflationary pressures, a lack of charging infrastructure and the cancellation of state subsidies.

The American automaker Tesla plans to produce an electric car for 25,000 euros at its German plant near the village of Grünheide near Berlin. According to an informed source, the head of the car company, Elon Musk, mentioned it to the employees two weeks ago.

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2023-11-15 15:59:10
#Electric #car #million #crowns #decade #Volkswagen #plans #News

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