Volkswagen announced a new entry-level electric vehicle model, the '2023 ID.4,' now with a new trim. The new trim for the 2023 ID.4 boasts a more affordable price range, retailing for only $40,000 at MSRP for its base configuration. This places the 2023 ID.4 as one of the most affordable EVs on the market today.
Despite its relatively low MSRP, the 2023 ID.4 still delivers specifications that are powerful enough for most riders, particularly those based in city environments. This EV features a 64-kWh battery that will deliver approximately 300km of range per charge, a slight reduction from the premium ID.4 configuration, which achieves 400km of range. On top of this, the 2023 ID.4 with the more affordable trim features a fast-charging time of approximately 45 minutes for a full charge.
Affordable Compact EVs
Volkswagen Announced an Entry-Level Model of its 2023 ID.4 EV
Trend Themes
1. Affordable Electric Vehicles - The rise of affordable electric vehicles presents a disruptive opportunity for the automotive industry to capture a new market segment of price-conscious customers.
2. Compact Electric Vehicles - The trend of compact electric vehicles provides a disruptive opportunity for car manufacturers to design and develop smaller EVs for urban commuters and young drivers.
3. Fast-charging Electric Vehicles - The trend of fast-charging electric vehicles creates a disruptive opportunity for the charging infrastructure industry to expand and improve the charging technology, making EVs more convenient and appealing for customers.
Industry Implications
1. Automotive - The automotive industry has a disruptive innovation opportunity to develop and produce more affordable and compact EVs, capturing a new market segment of price-conscious customers and city commuters.
2. Energy and Utilities - The energy and utilities industry has a disruptive innovation opportunity to invest in and improve the infrastructure of fast-charging stations, making EVs more convenient and appealing for customers.
3. Retail - The retail industry has a disruptive innovation opportunity to adapt and create new marketing strategies that promote affordable and compact EVs to a new market segment, such as price-conscious and eco-conscious customers.