Hyperdrive
Volkswagen Shows €25,000 EV to Compete Where Tesla Has Left an Opening
- ID. 2all concept is an homage to compact Polo and Golf models
- German carmaker races Tesla to offer low-price, high-volume EV
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Volkswagen AG unveiled an affordable electric vehicle that’s a couple years away from production, putting Europe’s largest carmaker on a collision course with Tesla Inc.
The compact ID. 2all concept previews a car costing less than €25,000 ($26,400) that VW is readying for the European market in 2025. The maker of the Golf hatchback — which was knocked off its perch atop sales charts last year — said Wednesday the EV will be as spacious as that model and as inexpensive as the Polo.