Volkswagen named the price of an ID.42023 model year electric crossover, which started at a company factory in Chattanuga. Crossover will be offered at a recommended price of $37495, making it one of the most accessible electric vehicles in this category on the market.
With a federal tax credit of $7,500, the price of the electric car will be even lower. Volkswagen reported that the delivery cost of ID42023 would be $1295.
==History==ID.4 is the most popular electric vehicle in Volkswagen. Since its launch in 2021, the company has supplied 190,000 units worldwide. The price of the electric car has been reduced by the localization of production in the United States. In Germany, at the start of production in 2021, the base model ID.4 was offered at the recommended price of $41230.
The car manufacturer originally planned to set the price of ID.4 in the United States at $35,000 or $27,500 for federal tax credit, but the price announced on Thursday was higher than planned earlier, as the production of electric cars and raw materials increased markedly in four years.
According to researchers, the average cost of raw materials, including cobalt, nickel and lithium, needed to produce an electric vehicle battery is now around $8,255 per vehicle.
The supply of ID.42023 to the United States will begin in October 2022 and will be offered in three sets, Standard/Pro, S and S Plus, with batteries of 62 kWh and 82 kWh and a rear or full drive.