There has been a lot of chatter online recently about how the EV revolution is coming to a premature conclusion. In September, Volkswagen scaled back production of its electric cars after the German government phased out EV subsidies for business cars, which led to a decrease in demand.
But Reinhard Fischer, senior vice president and head of strategy at Volkswagen Group of America, stated at the Reuters Events Automotive USA 2023 conference in Detroit this week, “We are not scaling back” plans for EVs in the US market. In fact, Fischer disclosed that Volkswagen plans to build an electric car either in the US or in Mexico that will have a starting price under $35,000. Options for where such a car would be manufactured include Volkswagen factories in Chattanooga, Tennessee, and Puebla, Mexico. The company is also constructing a new factory in South Carolina where it plans to manufacture electric vehicles for its new. That facility might also be the site where the new less expensive electric car from Volkswagen gets built