Europe: To combat Chinese EVs, VW plans cheaper 20,000 euro electric vehicles

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Volkswagen Group has announced that they person been moving connected compact electrical vehicles "for immoderate time". The caller affordable electrical vehicles are said to outgo astir 20,000 euros and volition marque their marketplace debut successful 2027.

The caller affordable electrical vehicles are portion of Volkswagen's plans to crank retired mainstream options to conscionable lawsuit demands. This comes amidst Chinese automakers trying to seizure the planetary marketplace via assertive planetary exports. Electric and plug-in hybrid vehicles already relationship for 50% of car income successful China, with inexpensive EVs costing arsenic small arsenic $5,000.

Thomas Schafer, CEO of Volkswagen, stated, "In bid for electromobility to go widespread, charismatic vehicles are needed, particularly successful the entry-level segment." However, helium did add, "Despite the charismatic price, our vehicles volition acceptable standards successful the entry-level conception successful presumption of technology, design, prime and lawsuit experience."

Volkswagen already has a caller electrical level utilized by top-end models from its premium brands similar Audi and Porsche. Coming to the little extremity of the spectrum, Volkswagen Group is said to person lined up 2 compact cars from VW and Cupra, on with a tiny SUV each from VW and Skoda. The tiny SUVs volition beryllium unveiled sometime by the extremity of 2025.

Currently, Volkswagen's entry-level EV is the ID.3, which is priced astatine 40,000 euros.

Source: InsideEVs

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Last edited by RahulNagaraj : 31st May 2024 astatine 16:02.