Volkswagen to Launch Affordable EVs in Europe by 2027

The automaker aims to produce electric vehicles priced around 20,000 euros to compete with Chinese rivals.

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.