For some time now, the Volkswagen Group has been working on compact electric vehicles that will cost around 20,000 euros, the equivalent of $21,700, set to premiere in 2027. These cheaper EVs are crucial for the long-term success of electric car adoption.
Companies like Volkswagen must produce more mainstream and affordable electric options to meet increasing customer demand, or risk competition from aggressive Chinese automakers. Attractive entry-level electric vehicles are key to making electromobility widespread, according to Volkswagen brand CEO Thomas Schäfer.
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