ASHER: Volkswagen is lifting the herd on its new electric SUV. The ID.4 is the company's first long range electric vehicle to hit the U.S. market. It's currently made in Germany with plans for production in the U.S. and China. Scott Keogh is the CEO of Volkswagen of America. He joins us live now from Herndon, Virginia via Skype. Scott, thank you so much for being with us. So, on the market right now here in the U.S., you've got lots of affordable electric vehicles, but none of them are SUVs. Just walk us through how this new vehicle the ID.4 actually fits in to the future of Volkswagen?</s>SCOTT KEOGH, CEO, VOLKSWAGEN OF AMERICA: I think the future of Volkswagen is obviously about electrification. We see a massive opportunity here. The biggest driver of making that happen is, of course, get into the big segments of America and get the right price point. So, this vehicle competes in a compact SUV. That's the largest segment in America. 4 million cars sold a year, 35 million of them on the road, and not one of them is electrified. So, we think there's a massive opportunity. The second thing is the price point. And if you take out the federal rebates, you know, we have a car that's at $30,000 for a high tech spaceship. So, I think that's going to drive adoption. And that's exactly what we're looking for. We have a better product. We have a higher tech product. And we can bring electrification to the masses. I mean, that's what Volkswagen has always set out to do for the people. And that's what we've done here. So, actually, we're very excited.</s>ASHER: Yes, you mentioned the future of Volkswagen is about electrification. And just given how much money you're investing, that's definitely seems to be the case. Volkswagen is investing about 33 billion euros total on electric vehicles between now and 2024. OK, it looks as though we have to interrupt. Scott, I apologize. We are going to Kate Bolduan on CNN U.S. END END
Volkswagen Unveils ID.4, Its First Electric SUV.