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9/1, 12:27 PM (Source: TeleTrader)
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VW offers leasing EVs via subscription

Volkswagen (VW) AG announced on Wednesday it has made its electric vehicles (EV) available for rent via subscription on its website.

The users will be able to rent the ID.3 and ID.4 models for between three and six months and then renew their subscription. According to the company's Sales Director Klaus Zellmer, this feature represents a move towards digitizing sales and a model "between leasing and sharing."

The announcement comes shortly after Volkswagen said it will end its production of Passat in the United States in order to focus on EVs.

Breaking the News / JR