Hyperdrive
VW Plans Entry-Level EV for Less Than €20,000, Brand Boss Says
- German automaker looking for a mass-market car for EV age
- High battery costs make lower price point difficult to hit
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Having just unveiled the ID. 2all, an affordable electric vehicle that’s still a couple years away from production, Volkswagen AG is making plans for an even cheaper EV.
An electric model to sell for less than €20,000 ($21,340), which could be called the ID.1, “should come as early as 2026, 2027,” Volkswagen brand chief Thomas Schaefer told Automobilwoche. Such an entry-level electric model is urgently needed, the magazine cited Schaefer as saying.