Overview

• Volkswagen plans to debut low-cost electric vehicles in 2027, priced at approximately $21,700 (20,000 euros).
• The initiative follows the collapse of a partnership with Renault to develop entry-level EVs.
• Volkswagen's new models will be designed specifically for the European market, focusing on affordability and quality.
• Chinese automakers currently dominate the affordable EV market, posing a significant competitive threat in Europe.
• Other automakers, including Kia and Volvo, are also introducing low-cost EVs, increasing competition.