FAST FIVE: Many Volkswagen EVs Are Already Sold Out For The Second Half Of 2020

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The automaker's CEO said on a podcast on Monday morning that many of its EVs are already “sold out far into the second half of the year,” according to Bloomberg.  The company's market share for EVs more than doubled to almost 4% and could rise as high as 5% or 6% by the end of 2020 with help from incentives and tax breaks, CEO Herbert Diess said.

The company has a longer-term target of EVs accounting for about 40% of deliveries by 2030.

The UK will follow in mid-July due to the time it takes to get approval for right hand drive models.

The storage capabilities of the ID3 make it a formidable competitor to the Model Y. The ID3 also features two digital dashboard displays and, as Business Insider says “…seems to offer a bit more familiarity” than the Tesla Model 3.  It also offers adaptive cruise control and lane assist, similar to Tesla's autopilot.

Its $33,000 (USD) tag compares to about $48,000 for the Model 3 and $52,990 for the Model Y.  A video comparison of the ID3 and the Model 3 can be seen here: .

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