VW ID.7’s North American Launch Delayed Due To “Market Dynamics”

VW slams the brakes on the ID.7's North American launch amidst a volatile EV market The fully electric sedan was initially expected to arrive in the U.S. and Canada in 2024 An updated timeline for the ID.7 launch was not provided Volkswagen announced that the market launch of the ID.7 sedan in the U.S. and Canada has been delayed. The automaker cited changing market dynamics as the reason for the delay and didn't provide a new launch date for the Tesla Model 3 rival.

7 will be imported from the Emden factory in Germany, which means it won't be eligible for U.S. tax credits. Entering the compact electric sedan segment without eligibility for the tax credits would be a suicidal move, so VW might want to consider other options like moving the ID.7's production in the Chattanooga Tennessee Assembly Plant, next to the ID.4. Overall, it seems like VW opted for a wait and see approach at a time when buyers are choosing hybrids over EVs.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Volkswagen ID.7 U.S. Launch Delayed As 'Market Dynamics Continue To Change'VW’s flagship electric sedan was initially scheduled to arrive at U.S. dealerships in Q3 2024. Now, though, its future is uncertain.
Source: InsideEVs - 🏆 579. / 51 Read more »