VW unveils its first electric SUV
Volkswagen unveiled its first electric SUV, the ID.4, Wednesday. VW calls the ID.4 it’s first long-range electric vehicle for the US market, and says it’s an important part of the brand’s overall move toward electric vehicles.
VW hopes the ID.4 will have as much impact in the US as the brand’s most famous model, the classic Beetle, once did, said Scott Keogh, CEO of Volkswagen Group of America. Volkswagen sold nearly five million Beetles in the US between 1949 and 1977.
Prices for the ID.4 will start at about $40,000, not including the widely available $7,500 federal tax credit for purchasing an electric vehicle. Factoring in the tax credit would result in a total purchase price of about $32,500.
In 2022, after ID.4 production begins in the United States, VW anticipates the starting price will drop to around $35,000. But, for now, the SUV will be built in Germany.
The ID.4’s starting price is higher than that of the Toyota RAV4 or Honda CR-V, but similar to well-equipped versions of both those bestselling SUVs.