• The Financial District


After billions in investment and some slight delays, Volkswagen's new electric ID.3 is finally arriving to its first buyers, Deutsche Presse-Agentur (dpa) reported.

It's arguably the carmaker's most important model, heralding the start of a new era as VW launches a series of purely electric vehicles. The ID.3 is part of the automotive giant's plan to make electric mobility accessible on a wider scale, and is more affordable than most mid-class electric cars right now. It also has a longer range than most available e-vehicles.

It's due to be followed by VW's compact SUV ID.4 at the turn of the year, and then later, the electric camper van ID.Buzz. The same platform is also to be used for vehicles made by company subsidiaries from Audi to Skoda and Seat. VW's modular MEB platform for electrics will underpin numerous future models, and the company hopes to churn out 22 million electrics by 2028.

VW is investing some 33 billion euros (39 billion dollars) in electric mobility by 2024, and a third of that will be spent on the core brand. The carmaker is ensuring that production of the ID.3 is completely carbon neutral.

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