Pricing expected in the $24,000-30,000 range.
No dates for the car as of yet.
No details on the powertrain either.
Electric vehicle models are steadily growing in numbers but for the moment, a truly inexpensive and accessible car is still out of reach. With goals to build and sell more than 1.5 million EVs by 2025, Volkswagen has launched its “Small BEV (Battery Electric Vehicle)” project.
Information on this upcoming small EV is non-existent. However, we can surmise that if VW wants to deliver as many electric vehicles by 2025, it will have to be available within the next two years, or by 2023. As well, it should be roughly the size of the German company’s Polo subcompact car, or roughly Kia Rio sized.
Further motivation to push this project comes from expected tougher climate regulations, according to Reuters. In fact, Volkswagen has said that “the European Union’s more stringent emissions targets will force it to boost the proportion of hybrid and electric vehicles in its European car sales to 60% by 2030, up from a previous target of 40%.”
The race to land the first “cheap” EV has also been entered by Tesla and Musk has stated that not only will it be priced from around $25,000 but it will be fully-autonomous. He also added that it should come to market in about three years.