Model Y is not the same segment as ID3.
So you are talking ID4
New Volkswagen ID.4 electric SUV revealed: price, specs and release date | carwow
Reasons not to bother:
1. 0-60 is 2 seconds slower
2. cost is the same
3. there is no supercharger network
4. VW software is notably bad
5. Slow/Non-existant OTA updates - see #4
6. VW ID3/4 has service schedules... WTF?
7. Max 100Kw charging... Also see #3
8. Not 4 wheel drive - at least initially
Also this:
"Both launch versions are limited to 27,000 units. Once they have sold, Volkswagen will focus on delivering more variants of the ID.4 throughout 2021. When entry-level 52kWh cars land on sale, expect the price tag to drop towards the £35,000 mark. "
27k, even if its per year is not "copetition". It's a token effort to avoid buying regulatory credits while they fight to stay solvent.
Edit: "VW has slapped a 100mph top-speed limiter on the ID.4. Now, that doesn’t really matter in the UK, but it’ll probably annoy a few Germans who use the Autobahn to get to work. VW will make a faster model with two motors and four-wheel drive, but you’ll have to wait until 2021 for that."