Volkswagen unveils quartet of new electric vehicles during IAA presentation

Volkswagen AG, the German automaker, is making strides in the electric vehicle (EV) market, with a significant focus on affordable and sustainable mobility solutions. In the first half of 2024, the company achieved an 11% electric share, marking a 47% year-on-year increase in global EV deliveries and an 89% surge in Europe.

In a move to boost electric sales and help meet the EU's strict CO2 fleet limits, Volkswagen is returning to classic model names for its electric vehicles, moving away from pure numbers. The ID. Polo and ID. Cross, the first examples of this new naming strategy, are set to make their real-world premiere in May 2026, with sales beginning in the fall of the same year. The ID. Polo is estimated to cost just under 25,000 euros.

The ID. Polo and ID. Cross will be joined by two more models from the Volkswagen, Skoda, and Cupra brands, all of which will be built in the Navarra plant in Spain for cost reasons. In 2026, an even more affordable model, the ID. Every1, will be introduced for around 20,000 euros, to be built in Portugal.

Volkswagen's commitment to EVs is evident in its sales figures. From January to July 2024, the company sold 466,000 electric vehicles worldwide, out of a total of 4.41 million vehicles. With a 28% market share, Volkswagen sees itself as the clear market leader in Europe.

The company's efforts in the EV sector extend beyond its own vehicles. Volkswagen is cooperating with Amazon on AI technology, aiming to enhance the customer experience and drive innovation in the industry.

In recent weeks, the Volkswagen share has been able to consolidate, finding support from the 200-day line. However, DER AKTIONÄR currently prefers the BMW share over the Volkswagen share.

It is important to note that the publisher Börsenmedien AG's management and majority shareholder, Mr. Bernd Förtsch, has positions in financial instruments related to the publication, which could benefit from the price development resulting from the publication. (Conflict of interest)

As Volkswagen continues to push the boundaries of EV technology and affordable mobility solutions, it remains to be seen how the market will respond to its new offerings. With the ID. Polo, ID. Cross, and the forthcoming ID. Every1, Volkswagen is poised to make a significant impact in the EV market and maintain its position as a leader in sustainable mobility.