05-03-2025
VW Unveils Budget EV to Win Over Europe's Squeezed Consumers
Volkswagen AG became a global car giant thanks to the Beetle, an affordable model for the masses. Now, the German automaker is finally unveiling a budget car for the electric-vehicle age as it tries to catch up with Chinese brands and other rivals with cheaper options.
VW on Wednesday presented the compact ID. EVERY1 concept car that will cost around €20,000 ($21,000) – its lowest-priced EV yet. The first VW-brand model to use electric architecture jointly developed with Rivian Automotive Inc., it's due to start production in two years at an undecided location in Europe.
