Volkswagen has been dangling its €20,000 electric car out there for more than four years so you'd be forgiven if you've already dismissed it as vaporware. Originally slated to launch in 2025, the bargain-basement EV is running a little late,

It's been nearly two years since Volkswagen unveiled the ID.2all concept as a window into the future of its €25,000 ($26,000) electric car. That future still isn't here, considering a production model won't hit the market until sometime next year.

Volkswagen presents a plan for the future with which the Group intends to return to its former successes. Small electric cars play a decisive role in this.

At today’s works meeting in Wolfsburg, Thomas Schäfer, CEO of the Volkswagen Passenger Cars brand, presented plans for the future of the core brand. Employees also had a first glimpse of the design of the Volkswagen brand’s future entry-level electric model at a price of about €20,

The EV will be one of nine new models launching by 2027, expanding VW’s lineup. The ID. One will start at €20k, while the production ID.2all will be priced under €25k. Volkswagen has unveiled the first official teaser for its upcoming entry-level EV in Europe,