Volkswagen's electric SUV opens a new front against Tesla

By Joseph White and Shreyasee Raj
(Reuters) - Volkswagen AG's <VOWG_p.DE> U.S. subsidiary on Wednesday revealed its ID.4 electric sport utility vehicle and a pricing strategy aimed at opening a new front in competition with Tesla Inc and other automakers.
The ID.4's driving range is less than Tesla's Model Y electric compact SUV, which offers more than 300 miles (483 km)between charges.
But Volkswagen is hoping to offset that by offering the ID.4 at a lower price than Tesla's Model Y. Customers can further benefit from federal and state electric vehicle subsidies for which Tesla no longer qualifies.
The ID.4 will initially come at a price of $39,995 and will be about $5,000 less expensive once the company begins building it in the United States, Volkswagen said.
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