Volkswagen CEO Thomas Schäfer outlined the company's future strategy during a works meeting in Wolfsburg, highlighting the brand's commitment to electric mobility and innovation. As part of these plans,

Volkswagen is accelerating its focus on affordable electric vehicles. The company revealed a bold strategy to expand access to e-mobility, with a new entry-level model priced around €20,000.

The new affordable EVs will be based on a lower-cost version of the current MEB dedicated EV platform, found in vehicles like the ID.4 and ID.Buzz. The lower-cost version, dubbed MEB Entry, has been designed to be shorter than the regular MEB platform and features a single motor at the front.

Volkswagen is planning to launch an entry-level electric vehicle priced around €20,000. The production model is scheduled to premiere in 2027. This initiative aims to make electric mobility more accessible.

Volkswagen is working on an entry-level electric vehicle that will sell for a base price of €20,000 ($21,000). The company has already given its own employees a look at its initial design during a meeting in Wolfsburg,

The leader of German carmaker Volkswagen unveiled design sketches for a new low-cost electric model at a closed-door mass meeting with workers on Wednesday. Volkswagen's focus for the future "is on a major model offensive with nine new Volkswagen models in Europe,

Volkswagen plans to unveil a new, affordable electric car, which will help launch its new triple-A plan for the brand's future.