https://www.thedrive.com/news/25299/volkswagen-says-its-last...
The gasoline engines that debut in 2026 will be the “last generation” of internal combustion engines. Given the lifespan of these models, I think they’ll overshoot a 2030 target. (I will personally eat my hat if they can actually sell a profitable electric Golf-class vehicle in 2026. The margins ain’t there yet.)
Edit: the id3 is the electric counterpart to the golf.
…given they are only selling the most expensive model, at $42,000. (Before tax credits.) That’s a fair bit more expensive than a gas Golf.
https://www.caranddriver.com/reviews/a33540804/2021-vw-id3-e...
I can imagine that the Golf being known tech will have a larger profit margin indeed. In the other hand, most of the extras in the id3 are shared technology anyways.
https://www.caradvice.com.au/751743/volkswagen-id-neo-losses...
Originally this meant that small economy cars got subsidized by expensive guzzlers, but with regulations clamping down on emissions ever harder and with the "Tesla insight" that electric cars just don't work on a budget (not just plain battery cost, also what if you don't have a convenient garage and all that), it's flipping over to electrics from the premium brand in the portfolio cross-subsidizing ICE for the less affluent (e.g. Audi electrics compensating for Seat four cylinders)