Volkswagen weighs up ending Polo production in Europe

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 77%

Car Car Headlines News

Car Car Latest News,Car Car Headlines

Future of small car in doubt because of rising cost of petrol engines and falling price of electric vehicles

The Polo, which sells from about €20,000, is the second best-selling Volkswagen model globally, and is made in plants in Brazil, China, Spain and South Africa. Its demise would be the latest affordable model to disappear in Europe, coming after Ford ceased making the Fiesta earlier this year.

Faced with a wide variety of predictions for the share of electric vehicles in new car sales by 2030, many carmakers are pondering whether there will be enough demand for petrol models at the end of this decade to invest in new models altogether.VW already plans to make a €25,000 electric model in 2026, called the ID2. It is planning an even cheaper €20,000 battery car for the end of the decade, provisionally known as ID1, which could fill the gap if the Polo were to be taken off the market.

The industry has warned that the new rules will disproportionately push up the price of small petrol cars because of the need to absorb the cost of expensive emissions reduction systems.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CAR

Car Car Latest News, Car Car Headlines

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

EVs costing €25,000 made in Europe expected to be on the roads by 2025Small electric cars on track to be widely available and to compete with cheap Chinese imports, analysis concludes
Source: IrishTimesBiz - 🏆 6. / 77 Read more »