VW ID.3 sign of change of electrified Frankfurt Motor Show
While the French brands of the PSA group are absent, Opel shows a plug-in hybrid version of its Grandland X SUV, but also the fully electric Corsa-e. BMW reveals its plug-in hybrid sportscar design concept, Vision M-Next, while the sister brand, Mini, unveils its fully electric Mini e. Mercedes showcases its electric EQV, but also a plug-in hybrid version of the A and B Class. Smart, now an entirely electric brand, has the Fortwo and Forfour on its stand.
Honda, the only Japanese brand present, shows its 100% electric Honda e, which has a retro look and a 200 km range. Ford has a ‘hybrid stand’ with the new Kuga and Puma SUVs and The 7-seat Explorer. Even Lamborghini, the only Italian in Frankfurt, has a hybrid on show, be it with a V12: the 815 horsepower Sian.
ID.3 big bet for VW
SUVs to the rescue
Given their limited volume, economies of scale are too small, and electric cars are still more expensive to produce. “Shortly, there is no money to make with electric cars,” says Dudenhöffer.”By 2023-2024, battery production capacity in Europe will be available.” To ensure a higher production volume, VW has licensed its MEB platform to Ford in an agreement that also includes autonomous driving cooperation.
An austerity regime has to up margins. Jobs are scrapped, now that the economy in some key markets is struggling, China, for example. Limiting sales of SUVs is not considered in the quest to hit low CO2 targets. While they are criticized for their environmental impact, they are very profitable. Volkswagen has even planned a SUV offensive. By 2025, the number of SUVs in the group has to increase from 11 to 30. Some of them will be electric. The money that is made with SUV sales will help the group face the future.
700 Belgian Porsche Taycan orders
The Belgian Porsche importer, D’Ieteren, already has 700 pre-orders for the Taycan. The base price in Belgium is 158.000 euros for the Turbo model and 192.000 for the Turbo S. The worldwide order bank for the Taycan is 30.000 cars at the moment.