Volkswagen to Launch $21K Electric Car in 2027 to Compete with China
Volkswagen has confirmed plans to produce an affordable electric vehicle priced under $22,000, aimed at the European market. This initiative is part of Volkswagen's strategy to maintain its competitive edge against Chinese manufacturers and expand electric mobility in Europe. The new EV, potentially named the VW ID.1, is expected to be a compact city car with a range of around 100 miles, and production is set to begin by 2027.