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Volkswagen AG (VW) is set to follow Tesla Inc’s lead with a high-profile price drop for its flagship ID.3 electric car model. The new version of the model will go on sale from the end of this month for just under 40,000 euros, a 3,000 euro markdown from the current ID.3 price tag. The move is seen as a direct response to several rounds of price-cutting by Tesla in the past few months, including discounts of up to 20 percent in Europe and the US. Tesla’s sales in Germany in January soared by more than 900 percent year-on-year, making it the top-selling electric vehicle brand in the country that month.
