Demand for electric cars is on the rise, but rising prices could affect demand in the near future, so manufacturers are scrambling to prepare in advance and offer cheaper options. VW has decided to launch a new EV at an affordable price of around 20,000 euros by 2027.

For now, there is no official information about the car, but the teaser reveals that it is a futuristic-looking hatchback, which will only be available to European customers. “Generations of people associate the strong brands of the Volkswagen Group with their first car, as well as with affordable mobility. As a group with strong brands, we continue this social responsibility. That is why I am very pleased that we will launch a future-oriented project. It is the entry of electric mobility from Europe for Europe,” said Oliver Blume, director of the Volkswagen Group.

It should be noted that Volkswagen has been thinking about offering compact and affordable electric vehicles for some time. “For electromobility to become widespread, attractive vehicles are needed, especially in the entry-level segment. Our brand promises that electromobility is for everyone. Despite the attractive price, our electric cars will set standards in the entry-level segment in terms of technology, design, quality and user experience,” said brand director Thomas Schäfer.

Volkswagen is currently developing several electric city cars, which will reach the market by the end of next year. All of them will be produced in Spain and will cost less than 25,000 euros.

Source: Volkswagen