Volkswagen Unveils Affordable Electric Car, Beating Tesla to the Punch

Volkswagen has unveiled its affordable, mass-market electric vehicle, the ID.2all, with a starting price of €25,000 ($26,600) and an estimated range of 450 kilometers (279 miles). The automaker expects to put the vehicle into production starting in 2025 and it will be one of 10 plug-in models set to debut by 2026. The ID.2all will be VW's first plug-in vehicle with front-wheel drive and will be built atop the second-generation version of VW's modular "MEB" electric vehicle platform. VW's strategy includes an investment of €180 billion ($193 billion) over five years in areas including battery production and raw materials, as it seeks to slash the cost of EV production and overtake Tesla and others by increasing its market share.