Electric VW For Less Than $22,900 Coming By 2023-2024

By: Mark Kane

Feb 1, 2019 at 4:26pm ET

Add InsideEVs as a preferred source in Google

Comment

An electric car for people is finally here coming in 2023/2024

Michael Jost, Head of Strategy at Volkswagen, said officially that in 2023, or at the latest in 2024, the company will introduce a truly affordable electric car, which will start from less than €20,000 ($22,900).

It will be a small car, the size of a T-Roc, which could be described as a compact crossover utility vehicle.

"MEB and ID. Family are part of the Volkswagen Group’s electric offensive, for which the company is investing around €30 billion by 2023. By 2025, the Group brands plan to increase the number of their all-electric cars from six today to more than 50. Jost, who is also the head of Group Product Strategy, emphasizes that electric vehicles are by no means synonymous with sacrifice: “We build cool electric cars that are fun to drive, beautifully designed and fully networked.” He notes that starting in 2023, or at the latest in 2024, Volkswagen will launch an electric model, which will be the size of a T-Roc, for less than €20,000."