Europe's biggest automaker has a plan to stave off the Chinese EV competition.
Cheaper electric cars are coming at last. To Europe, anyway. The Volkswagen Group on Tuesday said that 'for some time' it's been working on compact electric vehicles that will cost around 20,000 euros, the equivalent of $21,700. Europe's largest carmaker said the new vehicles will premier in 2027. Get Fully Charged Cheap EVs are a problem right now Cheaper EVs will be hugely important for propelling the transition away from fossil fuels.
At the top-end of the spectrum, it's developed a new electric platform for Audi and Porsche. At the lower end of its offerings, it's planning a series of EVs costing around 25,000 euros. Those include two compact cars from VW and Cupra, along with small SUVs from VW and Škoda. They'll break cover as soon as the end of 2025. The 20,000-euro models are a natural next step, Volkswagen said. Today, the Volkswagen brand's entry-level electric offering is the ID.
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