Oliver Blume recognized that a new zero-emission and cheap model could come in the second half of this decade—an electric Volkswagen for less than 20,000 euros—to compete with the main rivals in Europe.
Besides range and charging points, price continues to be a significant barrier to access to electric cars, and brands know it. Because of this, some are already working on developing economic models. Next, we will tell you everything we know about the electric Volkswagen for less than 20,000 euros that could arrive in a few years.
In a conference held on Wednesday, the CEO of Volkswagen, Oliver Blume, admitted that the small and cheap electric car prepared by the brand, whose price is below the threshold, will become a reality in the second half of this decade, as stated by Reuters.
Therefore, we will face a kind of spiritual successor, the Volkswagen e-Up!, although the German manufacturer has not yet made a decision to do so. But, according to Blume’s words, this is one of the company’s plans.
This is what we know about the electric Volkswagen for less than 20,000 euros that could arrive in a few years.
In recent years, the development of electric cars in Europe and the United States has focused on large, premium models that, understandably, are sold at very high prices that most people cannot afford. consumer.
Now it seems the tables have turned, and a race for affordable electric cars is about to begin. In this sense, Renault has just announced the arrival of a new Twingo in 2026, an iconic model from the 90s converted into a small four-door electric urbanite with a price of less than 20,000 euros.
For its part, Stellantis also wants to participate in this fight with the Chinese manufacturer. Jump Motor, which offers small cars under 10,000 euros in China, Dacia Spring, the cheapest electric car at the moment, and the recently presented Citroën C3 are already on the market, although they cost more than 20,000 euros.
Volkswagen does not want to be left behind in this race concerning its competitors on the old continent. The development of the Volkswagen ID.2all is already very advanced; it costs less than 25,000 euros, has a range of 450 kilometers, and will be made in Spain at the Navarra plant.
But you’ll also need a smaller, cheaper model to compete with what’s ahead. Without further ado, in addition to the new Twingo, the French brand will also launch the Renault 5 and Renault 4 in 2024 and 2025, respectively.
The main obstacle to reducing the cost of electric cars is the price of batteries, but Volkswagen says it is working on an integrated battery cell that will cut the cost in half, allowing it to make cheaper cars.