Volkswagen’s EV Under $22K Post-2025: CEO

Volkswagen Lags in Affordable Electric Cars.

Volkswagen’s cost-effective, pocket-sized electric car, purportedly costing no more than $22,000 (€20,000), could materialize during the latter half of the decade, as indicated by Oliver Blume, the Chief Executive Officer of the German car manufacturing company, in his presentation at a conference yesterday, which was reported by Reuters.

Today, Volkswagen is yet to decide on manufacturing a spiritual successor to the e-Up! electric city car, though Blume has faith that the firm will be able to create it by 2025.

Consequently, it appears that Volkswagen is falling behind its main competitors in Europe in the race for a cost-effective electric vehicle. Renault has just disclosed they are reviving their iconic Twingo, but this time, it will be in the form of a four-door urban electrical car that is predicted to cost under $22,000 (€20,000) at point of delivery beginning in 2026. Additionally, Stellantis – the parent organization of various European automakers – aspires to enter into this competitive, low-priced electric market by collaborating with Chinese automobile manufacturer Leapmotor, whose RMB 79,500 electricity powered car, is currently being sold in China.

The tasty Chinese built Dacia Spring and the newly released Citroen e-C3 from Europe present a financial challenge as their prices exceed €20,000 before incentives. Also worth considering is the more budget friendly Citroen Ami / Opel Rocks-E / Fiat Topolino cab which although only allows for two passengers is still an excellent option for crossing continents.

Volkswagen aims to introduce the ID.2 hatchback, with a value beneath €25,000, in 2025. Rumour has it that it will have a range of up to 450km, over 10-80% charge in approximately 20 minutes. But, since Renault 5 and 4 are anticipated to come out in 2024 and 2025 respectively, VW needs to move quickly if they wish to keep up.

One of the biggest challenges to reducing the costs of electric vehicles (EVs) is the expense of their batteries. But Volkswagen revealed that it is leading the way with the development of a unified battery cell, which they declare could reduce prices down by half, thus allowing them to offer more affordable automobiles for consumers.

“We have a responsibility to bring the right products at the right price onto the market,” Blume declared. “Initially, electric cars were made available to early adopters, and now we need to convince consumers who don’t have the ability to put in a charging station at their residence.”