Volkswagen has unveiled its plans for a new budget-friendly electric vehicle aimed at the global market. The upcoming compact EV, expected to debut in 2027, will be positioned in the entry-level segment with a projected price of around EUR 20,000 in Europe.
CEO Thomas Schafer shared the first glimpse of the vehicle during an event at the company’s Wolfsburg headquarters, highlighting Volkswagen’s focus on making electric mobility more accessible. He also reiterated that Wolfsburg would remain a key center for innovation and advanced vehicle manufacturing, ensuring the brand continues to set new industry standards.
Schafer stated, "With the results of the negotiations in December, we have embarked on the largest future plan in the history of Volkswagen. We are now following an ambitious course with a view to ensuring that we reach the targets we have jointly agreed. This will be a key step in making electro-mobility attractive for everyone – the clear goal of our brand."
Volkswagen ID.4 |
Volkswagen is gearing up to unveil the show car for its upcoming entry-level electric vehicle in early March, with the production model set to debut in 2027. Designed to offer affordable electric mobility, the new EV is expected to have a starting price of around €20,000, making it accessible to a broad range of buyers. As part of Volkswagen’s long-term strategy, the model will play a key role in expanding budget-friendly EV options. It will be developed under the Brand Group Core, alongside the ID. 2all production version, which is scheduled to launch in 2026 as Volkswagen’s first all-electric small car with a price tag below €25,000. Both models will be based on the next evolution of the modular electric drive (MEB) platform, shaping the brand’s future in the compact EV segment.
Volkswagen ID 4 |
Volkswagen has established a strong presence in the battery electric vehicle (BEV) market, driven by the success of its ID. lineup. Since introducing the ID. series in 2019, the company has sold over 1.35 million units globally, with the ID.3 alone accounting for nearly 5,00,000 sales. In 2023, Volkswagen delivered 3,83,100 all-electric vehicles, reinforcing its position as a key player in the EV segment.
