Volkswagen is working on a new range of compact cars that will be built with autonomous technology, but they won’t be cheap.
The automaker is looking to make a profit by selling them at market prices and selling them in new markets with less regulation, The Wall Street Journal reports.
Volkswagen is aiming to produce a range of vehicles that can be built at the company’s plant in Wolfsburg, Germany, and then shipped overseas.
The company says it expects to sell 500,000 cars per year by 2025, but the WSJ notes that the automaker has already sold roughly 100,000 of its electric cars.
The Wall St. Journal says the company is targeting $100,000 to $200,000 per vehicle for the vehicles.
Volkswagen has previously said it plans to sell as many as 1.3 million vehicles by 2025.
Volkswagen says the cars will have self-driving capabilities, but it’s unclear whether the technology will be available for all of them.
The WSJ says the range will include four different models.
Volkswagen will build all of the vehicles in its plant in the U.S., but it is unclear if those cars will be able to drive themselves.
The Journal says VW has been looking at making the cars at home.
The new model will likely be called the E-Tron and will be the company ‘s flagship compact sedan.
Volkswagen said in a statement that the new E-Trax is “the world’s first all-electric family sedan and a global leader in electrification.”
Volkswagen said it expects the new models to be available later this year.
The carmaker has already announced that it will introduce a new compact car, the Econoline, in 2019.
Volkswagen also announced that a new version of its popular e-Golf will be launching in 2021.
The model will be similar to the Golf SportWagen and the Eicloude e-Trollettes.
The latest models in the Volkswagen range include the Golf E-Class, the Golf GTI, the GTI E-Line, the Passat E-Gazelle, the TDI e-Class and the Passata e-Series.
Volkswagen’s diesel vehicles were sold to consumers in the United States until 2025.