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,

It could be the ID.1, a car VW has promised since 2022.

Volkswagen will unveil the concept version of its entry-level EV on March 5 while the production version based on the MEB platform will arrive in Europe in 2027.

Faced with high domestic costs, stuttering demand for EVs and increasing competition from lower-cost Chinese makers, Volkswagen outlined a five-year plan for its namesake brand.

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 is launching a €20,000 (~A$33,000) electric vehicle in Europe from 2027, aiming to go head-on with affordable Chinese rivals.

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,