Volkswagen Debuts Affordable EV

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While electric vehicles (EVs) continue to infiltrate the market, some buyers are biding their time. As with any new technology, costs tend to be higher before automakers can scale their new vehicle portfolios. Analysts predict that price parity — or consistency between gasoline and electric-powered vehicles in terms of cost — will be achievable for most car companies around 2025, which leaves many potential buyers in a wait-and-see scenario.

But recently, Volkswagen may have upped the ante by offering a tantalizing preview of what consumers can expect in terms of an entry point, and it’s lower than some expected.

Recently, the German company unveiled an electric vehicle that soundly beat out the competition in terms of price, though it’s still in the concept stage. VW unveiled its ID. 2all compact car, a hatchback it says will go into production in Europe in 2025 and start below $27,000. And while VW didn’t go so far as to clarify whether the vehicle would also be coming to U.S. markets, they did offer some insight into the features and functions.

Volkswagen Passenger Cars CEO Thomas Schäfer said the company wants to be “close to the customer and offer top technology in combination with fantastic design," which includes an “improved footprint” where the layout of bulky components like batteries has been reconfigured to improve cabin space. The vehicle also offers a brand-new user interface and a range of 280 miles per charge. Schäfer adds that the company is “implementing the transformation at pace to bring electric mobility to the masses.”

And that’s not all from Volkswagen for EV bargain hunters: the company, who has ten new electrics to be launched between now and 2026, says they have another model coming, and it’s even cheaper — with estimates suggesting it will cost less than $21,000.

Image Credit: Volkswagen