Watch Out Tesla, Volkswagen Is Coming! – Forbes

The competition for the electric vehicle market has moved up a notch. Just when it looked like German giant automaker Volkswagen had no answer to the onslaught from Tesla TSLA , it has released a much more affordable version of its ID.3 electric car. When the ID.3 was initially launched with the 1st Edition, the platform looked promising, but the price was too close to the Tesla Model 3. Now Volkswagen has announced a sub-£30,000 ($39,000) Life version of the ID.3, making it a much more tempting proposition.

This is less interesting news to readers in the USA, because VW isn’t currently planning to release the ID.3 in America just yet. But it’s huge news for Europe and has indirect consequences for the US. Although SUVs dominate sales in Europe too – Source…