Tesla Model 3 Release Signals the Completion of the Electric Carmaker’s First Master Plan

Although it would seem that it would be a head-to-head competition between Tesla and Chevrolet in the electric sedan segment, with the Nissan Leaf as the third competitor but miles behind, it seems that the complexion of the market is bound to change after the Paris Motor Show 2016 last month.

German carmaker, Volkswagen, has just unveiled on September 27 a new long-range electric car that could easily rival the Tesla Model 3 and the Chevrolet Bolt and likely beat anyone of them to the draw if they don’t deliver on their promises.

Volkswagen’s new electric car, called the I.D., is expected to cost less than $30,000, which would make it far cheaper than the Tesla Model 3 and the Chevrolet Bolt. It will have much longer range, and it could go up to about 375 miles on a single charge as explained by Volkswagen during the Paris Motor Show 2016.

As a matter of comparison, the Chevrolet Bolt, which goes on sale at the end of this year, has a starting price of $37,500, before U.S. government tax breaks, and a driving range of 238 miles. The Tesla Model 3 is expected to go on sale in late 2017 with a starting price of $35,000 and a driving range of 215 miles.

It should be noted, however, that Volkswagen has yet to announce what kind of method or methods that it used in calculating the range of the I.D. or electric cars in general.

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