Volkswagen confirms small 20,000 euro EV for Europe; Debut in 2027

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

Volkswagen Group has announced that they have been working on compact electric vehicles "for some time". The new affordable electric vehicles are said to cost around 20,000 euros and will make their market debut in 2027.

The new affordable electric vehicles are part of Volkswagen's plans to crank out mainstream options to meet customer demands. This comes amidst Chinese automakers trying to capture the international market via aggressive global exports. Electric and plug-in hybrid vehicles already account for 50% of car sales in China, with cheap EVs costing as little as $5,000.

Thomas Schafer, CEO of Volkswagen, stated, "In order for electromobility to become widespread, attractive vehicles are needed, especially in the entry-level segment." However, he did add, "Despite the attractive price, our vehicles will set standards in the entry-level segment in terms of technology, design, quality and customer experience."

Volkswagen already has a new electric platform used by top-end models from its premium brands like Audi and Porsche. Coming to the lower end of the spectrum, Volkswagen Group is said to have lined up two compact cars from VW and Cupra, along with a small SUV each from VW and Skoda. The small SUVs will be unveiled sometime by the end of 2025.

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

Source: InsideEVs