Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Volkswagen Launched Collaboration with Tennessee Valley Authority with Custom ID.4 SUVs

Published 08/10/2022, 05:18 am
Updated 08/10/2022, 05:18 am
© Reuters.

© Reuters.

By Michael Elkins

Volkswagen (OTC:VLKAF) (ETR:VOWG_p) of America announced on Thursday that the company will be collaborating with the Tennessee Valley Authority to help the utility corporation to reach its goal of operating a 100% electric sedan and SUV fleet by the year 2030.

“Electricity is the clean, low-cost, reliable fuel that will decarbonize our nation’s transportation network,” said Don Moul, TVA Executive Vice President and COO. “TVA is on the leading edge of electric vehicle adoption, and with partners like Volkswagen we are moving farther and faster together to accelerate the use of electricity in all sectors of the economy to make our carbon-free vision a reality.”

To celebrate the partnership, Volkswagen revealed a second ID.4 vehicle that features an exterior graphics package designed to boost visibility of the test fleet program. The new ID.4s are equipped with 18-inch wheels that are wrapped in rugged treaded tires, the all-electric SUV is also outfitted with Volkswagen roof carrier bars and a Thule brand Canyon Roof Basket.

“TVA has a long history of innovation, and we’re thrilled to collaborate with them in their transition to a fully-electrified fleet,” said Hein Schafer, Senior Vice President Product Marketing & Strategy, Volkswagen of America. “This effort is leading by example, and with the aid of our ID.4 vehicles, stands to show industry how viable EVs are in fleet applications.”

The ID.4 is Volkswagen’s first all-electric SUV and the brand’s first global EV. The ID.4 competes in the world’s largest market segment—compact SUVs—and is currently produced in Germany, China, and at VW’s Chattanooga, Tenn. assembly facility with deliveries due to start later this year.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.