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Report: Volkswagen Planning Sub-$23,000 Electric Car

Report: Volkswagen Planning Sub-$23,000 Electric Car

Volkswagen Group is reportedly planning to produce an electric vehicle that costs less than 20,000 euros. At current conversion rates, that would mean an electric vehicle that costs just under $23,000.

Known internally as the “MEB entry,” the car is projected to have a sales volume of about 200,000 copies per year. Reuters reports the car is part of a broader plan for Volkswagen Group to convert three more German assembly plants to electric vehicle production.

VW’s supervisory board is slated to discuss the entry-level electric vehicle and possible alliances with rival Ford Motor Company and battery-maker SK Innovation at a planned meeting on Nov. 16th. It’s not known if the entry-level car will be approved for production at the meeting.

The meeting this Friday is also slated as a broader strategy discussion for Volkswagen. Specifically, the automaker has to cope with quickly-changing regulations in Europe surrounding emissions, including the ban of diesel engines from several European cities. Volkswagen must develop a strategy to retain thousands of industrial jobs across Europe.

News has also leaked that VW is planning to produce a new electric model called the I.D. Aero at its plan that currently produces the VW Passat.


About Nick Saporito

AutoVerdict Senior Editor Nick Saporito began writing about cars at age 13. Nick ran a couple of automotive enthusiast sites for several years, before taking some time off to focus on his career and education. By day he's a marketing executive in the telecom world and by night he hangs out here at AV. You'll find him focusing on tech, design and the industry's future.
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