For the first time, Volkswagen announced it aims to start producing its most affordable ID.1 electric car, starting at 20,000 euros ($21,700), in 2027. The $20K Volkswagen ID.1 will offer “affordable electric mobility for everyone,” VW brand leader Thomas Shafer said Thursday.
Volkswagen to begin building $20K ID.1 EV in 2027
“The working title is ID.1 and the vehicle is planned for 2027,” Shafer confirmed during VW’s annual press conference Thursday.
Work on the ID.1 is already well underway. Shafer said, “We’re already in the middle of it, we know what the car should look like.” However, the biggest challenge will be deciding where to build it.
“This is extremely economically challenging,” Shafer explained. Due to battery costs, Volkswagen can only launch a $20K (20,000 euro) EV by mass producing it.
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