First of all, while we regularly reveal our skepticism with Volkswagen and it EV pursuits (and for good reason), we truly hope that the automaker is wildly successful, and sooner rather than later. Honestly, with VW's size and resources, it could arguably by the automaker best-equipped to transition the EV segment as we know it and generate massive adoption. This could be especially realistic if it can build a car that is comparable to the Tesla Model 3, but comes at half the price.
Volkswagen has invested a considerable amount of money in its electric vehicle plans and has been advertising these potential vehicles for years. The automaker's most recent announcements include its highly innovative electric car manufacturing facilityand its goal of initial production by 2019 and electrifying its entire lineup by 2030.
Volkswagen brand chief Herbert Diess shared (via Electrek, translated from German):
Here we come very strong now. We have invested 30 billion in electromobility, we have already rededicated a plant in Zwickau, and we are building an electric vehicle plant in Shanghai. We will come in 2020 with vehicles that can do anything like Tesla and are cheaper by half.