At a Volkswagen works meeting in Wolfsburg, Thomas Schäfer, CEO of the Volkswagen Passenger Cars brand, has presented plans for the future of the core brand. Employees also had a first glimpse of the design of the Volkswagen brand’s future entry-level electric model at a price of about €20,

Volkswagen is accelerating its focus on affordable electric vehicles. The company revealed a bold strategy to expand access to e-mobility, with a new entry-level model priced around €20,000.

Volkswagen presents a plan for the future with which the Group intends to return to its former successes. Small electric cars play a decisive role in this.

Volkswagen is working on an entry-level electric vehicle that will sell for a base price of €20,000 ($21,000). The company has already given its own employees a look at its initial design during a meeting in Wolfsburg,

The Volkswagen plans to launch its cheapest electric car by 2027, with a starting price of approximately $20,700.

Volkswagen showcased a preview of its upcoming entry-level electric vehicle, priced around €20,000, to its employees. The model is set to debut as a show car in March and be production-ready by 2027.

Volkswagen is launching a €20,000 (~A$33,000) electric vehicle in Europe from 2027, aiming to go head-on with affordable Chinese rivals.