Reuters

VW plans electric car to compete with Tesla Model 3

Volkswagen may be giving up on the Beetle, but its continuing its quest to regain public trust and modernize its offerings with a new all-electric mid-sized sedan for $23,000. The German automaker cheated for years on its diesel emission tests, but its pending electric sedan has the name I.D. Aero. According to a Reuters report, it will cost nearly $12,00 less than the basic price of a Tesla Model 3. Reuters’ sources also reported VW will convert three of its factories in Germany to produce its Modular Electric Drive Matrix (MEB) entry. The carmaker’s goal will to manufacture 200,000 vehicles using the platform to make a family of electric vehicles. Volkswagen said its goal is selling 10 million by the

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