Bugatti is known for its supercars and hypercars. The company is the first to break the 300 mph speed barrier for a production car, and the automaker now will turn to electric vehicles, much like just about every other automaker out there. The electric vehicle will be either a grand touring machine or it’ll be a crossover, according to the company’s CEO.
In a recent interview with Bloomberg, Stephan Winkelmann, CEO of Bugatti said that the electric model that the company is working on will be all-electric, not a hybrid or a plug-in hybrid. He also said that it will have a four-seat configuration and be either a grand tourer or a crossover.
This model will be priced between €500,000-1,000,000 (which is about $554,000 to $1,108,000). That is still a very expensive automobile, but it’s far cheaper than the $2.7 million Chiron. This new car would be an effort to increase the number of cars that Bugatti builds per year. The company currently puts out about 100 vehicles each year. With the addition of an additional, less-expensive model, the company hopes to increase production to about 600.
It’ll be interesting to see if the VW Group that owns Bugatti will spend the money to invest in the development of a new model.