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Volkswagen’s Forthcoming Electric Vehicle – the ID.3 – Is Already Sold Out

Volkswagen has sold out the limited edition of the ID.3, the German automaker’s new electric car, which will debut at the Frankfurt Motor Show next week. The company said yesterday that it had received 30,000 reservations for the ID.3 1ST since it began taking online requests in May.

There are currently no plans to increase the production of first edition models, Volkswagen spokesperson Christoph Oemisch told CNN Business. Buyers interested in an ID.3 1ST, or an early model in the ID.3 production series, can still sign up for the waiting list, said Jürgen Stackmann, the head of Volkswagen passenger car sales, in a statement. "Experience indicates that there may still be some movement on the waiting list up to the deadline for binding orders," he said.

The ID.3 is the first of 70 electric models that the Volkswagen Group is planning to introduce in the next decade. The company, which is betting on electric cars given the pressure from regulators and the effects of its diesel emissions scandal, is joining other automakers who are investing heavily in electric cars, as buyers opt for more sustainable transportation, battery costs decline, and government subsidies increase.

Tesla sold more than 220,000 electric cars in 2018, according to LMC Automotive, roughly 70,000 more than its closest rival, Chinese state-owned BAIC Group. The ID.3 is the first VW to be built on the brand's new modular electric-car production platform, or MEB, which reflects the significant investment the company has made.

"The ID.3 has the exterior of a Golf more or less but the interior dimensions of a Passat because there is so much more room inside," said Oemisch. The vehicle has a range of 261 miles (420 kilometers), higher than previous Volkswagen electric models, like the e-Up! and e-Golf, which were built on platforms made for petrol and diesel cars.

Production of the ID.3 will start at the end of 2019 and the first vehicles are expected to be delivered around the middle of next year. Other forthcoming electric vehicles include the Audi E-Tron and Porsche Taycan. Most of the pre-bookings for the ID.3, which stipulated a €1,000 ($1,100) deposit, came from Germany, Norway, the Netherlands, Sweden, and the United Kingdom, Volkswagen said.

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The limited-edition will retail for less than €40,000 ($44,000) in Germany, while the ID.3 series mass production model will be listed below €30,000 ($33,000). Volkswagen will also debut its "younger, more modern" new brand and logo at the Frankfurt motor show, said Oemisch.

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