Audi is trading its TT for an all-electric model
Iconic German sports car will soon make way for an electric model
Audi's CFO has indicated that the company is "shedding old baggage", meaning it will be discontinuing the TT coupe to replace it with a BEV, according to a Bloomberg report.
As reported by Bloomberg on Thursday, Audi will be discontinuing the TT coupe and possibly the R8 to make space in the portfolio for new fully electric models.
The battery powertrain push comes as a result of the company's initiative to launch 20 fully electric vehicles by 2025, a point when sales of electric cars, both hybrid and 100% electric, are expected to make up to 40% of automobile deliveries.
According to Audi CFO Alexander Seitz, "because of tighter emissions regulations, combustion cars are getting more expensive in the medium-term and electric cars are getting cheaper".
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The TT coupe goes back to 1998, when it gave the company its characteristic sporty aesthetic. Of late, sales not only of the TT, but the entire brand, have been sloping like the model's iconic roof. However, the brand is hoping to take a turn upwards, thanks to the introduction of five hybrid models over the next two years.
As part of the company's transition toward electrification, Bloomberg states that the next version of the A8 sedan is likely to go fully electric. The next-gen model is expected to debut in 2025.
Audi stated that the TT will be replaced with an upcoming EV "in a few years".