The promised $35,000 Tesla Model 3 is still some months away from production. So the Volkswagen group reportedly readying a competitor that will come in well below that number.
Reuters reports that the automaker is planning a model for its ID range of electric cars priced below 20,000 euros. Well, it is just under $23,000, citing a source within VW.
This report comes among indications that Volkswagen is shifting to convert several more existing plants in Germany to EV production, including a Passat-producing plant in Emden and a Crafter commercial van plant in Hanover.