Volkswagen has unveiled its plans for a new budget-friendly electric vehicle aimed at the global market. The upcoming compact EV, expected to debut in 2027, will be positioned in the entry-level segment with a projected price of around EUR 20,

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.

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,