Sold for €62,650 in France, the VW ID.7 costs €24,300 in China
This page is translated from the original post "Vendue 62 650 € en France, la VW ID.7 coûte 24 300 € en Chine" in French.
- 12/10/2023 22:29
The all-electric luxury sedan from Volkswagen, the ID.7, also begins its career in China at a price that will surely make people jealous in France.
The theory of relativity, dear to Albert Einstein, could today be applied to electric cars. What is the fair price of a Volkswagen ID.7? It depends on what markets are willing to pay. Because even when harmonizing VAT rates — 13% in China, 20% in France — and accounting for the higher European labor costs and raw material imports from Asia, it’s hard to justify a tariff differential of 89%.
One could also think that the two versions have different technical specifications, but not at all. In China, Volkswagen has lost its premium status, while it still battles in Europe to defend it with high-priced models. Thus, the European version equipped with four-wheel drive and 286 hp is priced at 33,000 euros in China, compared to 62,650 euros in France.
Furthermore, an unknown version of the ID.7 in Europe, with two-wheel drive, a power of 150 kW (204 hp), and the same 77 kWh battery, starts at just 24,300 euros! And in China, there’s never any talk of an “Eco Bonus” to artificially lower prices at the expense of taxpayers.
But perhaps all of this is just very relative…
READ ALSO: Discover the shocking price of the Volkswagen ID.3… in China!
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