Volkswagen unveils designs for €20,000 entry-level EV

Volkswagen is making significant strides towards a more sustainable future with plans to launch an entry-level electric vehicle priced around €20,000, aimed at making electric mobility accessible for the masses. CEO Thomas Schäfer emphasized this initiative during a recent employee meeting in Wolfsburg, highlighting it as part of the company's largest future plan in its history. The new model, expected to debut in 2027, will be developed on the Modular Electric Drive platform and is set to join the ID. 2all family. Additionally, Volkswagen's ambitious strategy includes producing nine new models in Europe, focusing on affordability and innovation amidst ongoing challenges, including cost cuts and union negotiations. The company aims to reverse its declining market share and establish a stronger foothold in the electric vehicle sector. Overall, Volkswagen is positioning itself as a leader in affordable electric mobility as it navigates its future in a competitive market.