Volkswagen CEO Optimistic About $21K EV by Mid-Decade

Company's strategy to cut battery costs by half could make this possible, despite challenges of inflation and insufficient charging infrastructure.

Volkswagen CEO, Oliver Blume, has expressed optimism for a $21,714 EV by the second half of the decade, despite plans for such a vehicle not yet being finalized.
Blume stated that the key to decreasing EV prices lies in reducing battery costs, with the company's strategy of manufacturing a unified battery cell expected to cut battery expenses by half.
Volkswagen has previously shared details about a $27,125 all-electric car under development, equipped with a 450-km range and quick charging capabilities.
Blume emphasized Volkswagen’s commitment to delivering the right products at the right price, noting the challenges of inflation, insufficient charging infrastructure, and the end of subsidies as obstacles to the demand for electric cars.
Earlier this month, Volkswagen AG stated plans to launch a sub-$35,000 electric vehicle in the U.S. within the next three to four years.