Volkswagen pauses development of the electric ID. Golf

German carmaker Volkswagen has temporarily suspended pre-development work on its planned compact-class electric car, the ID. Golf. The reason is a shortage of money: the company currently does not have enough funds to keep working on the model.

The decision was disclosed by Thomas Schäfer, head of the Volkswagen brand, in an internal interview. The car was originally intended to be built at the company's main plant in Wolfsburg.

Frozen, not cancelled

The project has not been scrapped altogether. It has been put on ice, and work may resume once the company's financial situation improves. The source text is truncated at this point, so the exact conditions and timeline are not known.

The source gives no specific date for when development of the ID. Golf might restart.