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Volkswagen (OTCMKTS: VWAGY) will embark on an incredibly rich and environmentally friendly future. The legendary automaker took the first steps on Thursday by introducing its all-electric SUV. What does this mean for Volkswagen shares?
The big news is that Volkswagen unveiled on Wednesday ID. 4, its first fully electric SUV, and also the first vehicle to be built on its modular electric vehicle (MEB) platform that will reach U. S. drivers. Other SUV statistics come with its initial value of $40,000 and its estimated 250-mile diversity.
For what? Volkswagen’s announcement is critical for automakers.
While corporations such as Tesla (NASDAQ: TSLA) and Fisker (NYSE: SPAQ) continue to gain ground and gain market share, classic car manufacturers such as Ford (NYSE:F), General Motors (NYSE: GM) and Volkswagen will have to rotate. to remain relevant.
But why deserve investors to worry about this fast vehicle exit?Above all, ID. 4 is a global release indeed. U. S. drivers will be able to notice for the first time their all-electric SUV and their new MEB. Many automakers have chosen to concentrate first in China or Europe with their electric cars, but Volkswagen shows that it takes identification seriously.
Volkswagen is also telling investors that it takes the environment and its past seriously to make a difference.
At the time, the company committed to selling 150,000 electric and plug-in cars until the end of 2020 and Volkswagen also said it would sell more than one million battery-efficient electric cars by 2025. the presentation of ID. 4 puts it in the right direction.
In addition, some other catalysts are in your favor. With the new coronavirus, consumers say they care more than ever about accepting true and sustainability. The pandemic has shown Americans what kind of effect they can have on public health and the environment, and as a result, many experts believe that adopting electric cars is about to increase. This bodes well for Volkswagen, and is also helping the company take steps to improve its reputation and deliver on its promises.
The latest primary trend he plays in his favor is that we know that consumers prefer to drive SUVs and vans, which have traditionally not been well represented in the electric vehicle market, this assists Volkswagen because it provides it with a popular brand.
At the time of publication, Sarah Smith did not hold (or hold) any position on the values discussed in this article.
The Volkswagen Stock station caused a feeling with an all-electric SUV that gave the first impression on InvestorPlace.