Volkswagen Prepares New Electric Car Priced Around 20,000 Euros
Translated & summarized from Bizportal by baba
Volkswagen is preparing to launch a new urban electric car in 2027 with an anticipated starting price of around 20,000 euros. Based on the ID. EVERY1 concept, the vehicle will be smaller than the ID.3 and is expected to offer a range of at least 250 km. This affordable EV is part of Volkswagen's strategy to compete with lower-priced offerings from Chinese manufacturers and is built on the shared MEB+ platform. The company aims to address past criticisms regarding software by incorporating a new architecture designed for updates.
The story in 6 lines · by baba
- Volkswagen plans a new electric car for 2027 priced around 20,000 euros.
- The urban EV will be positioned below the ID.3 and is based on the ID. EVERY1 concept.
- It is expected to have a range of at least 250 km and a 37 kWh LFP battery.
- The model is part of Volkswagen's MEB+ platform strategy, sharing components with other group EVs.
- The car aims to compete with affordable electric vehicles from Chinese manufacturers.
- Volkswagen is also focusing on improved software architecture for the new model.
Volkswagen is nearing the production of its most affordable electric vehicle, a small urban model expected to launch in 2027 with a starting price of approximately 20,000 euros (about $22,500). This new model will be positioned below the ID.3 and is described by the company as the final piece in its urban electric car family. If the price target is met, Volkswagen could offer a new electric car at the price of a small gasoline car, entering a market where Chinese manufacturers like BYD are driving down prices. The car is based on the ID. EVERY1 concept, measuring 3.88 meters long, offering space for four passengers and a 305-liter cargo capacity. It will feature front-wheel drive, a 70 kW (95 hp) electric motor with a top speed of 130 km/h, and a minimum range of 250 km. While the battery capacity hasn't been revealed, industry estimates suggest it will use a 37 kWh LFP battery, similar to base versions of the ID.3 and ID. Cross, potentially offering a range of up to 334 km. The new model is part of Volkswagen Group's MEB+ platform strategy, which aims to develop shared front-wheel-drive electric vehicles across multiple brands, including the ID.3, ID. Cross, Cupra Raval, and Skoda Epiq. This platform involves over 80% shared components, with production concentrated in Spain and an investment of around 10 billion euros. Volkswagen has previously demonstrated its ability to meet price targets with the ID.3 launching under 25,000 euros. The final name for the new model has not been confirmed, but industry speculation suggests it might be called the ID. Up and produced at Volkswagen's factory in Palmela, Portugal. The company has indicated a shift away from numerical names towards reviving successful past model names. Beyond its price, the new car will feature a new software architecture designed to allow for updates and upgrades throughout its lifespan, addressing past criticisms of the ID. family. This model is one of nine new vehicles planned by the brand by 2027, with four of them being electric on the front-wheel-drive platform. Competitors like Renault are also targeting a similar price point with their new electric Twingo, and Chinese manufacturers are offering comparable urban EVs. The small electric car segment is highly competitive and challenging for profitability, with margins being thin. However, demand exists, with the group's small electric cars having already garnered nearly 150,000 pre-orders. No official announcement has been made regarding the model's arrival in Israel, where local pricing will be influenced by electric vehicle taxation.