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Volkswagen targeting low-cost electric car by 2023 – report

Volkswagen plans to deliver a €20,000 (AU$32,000) electric vehicle by 2023, according to a new report from Reuters.


The in-house project – reportedly codenamed 'Small BEV' (Battery Electric Vehicle) – is tasked with building a city car more affordable than the current ID.3, which was officially launched for Europe in September and is priced from €35,575 (AU$58,000) in Germany.

The new model will be based on the German manufacturer's MEB-Lite modular platform, which is designed to incorporate battery packs up to 45kWh.

It is likely – but so-far unconfirmed – company subsidiaries Skoda and SEAT will similarly utilise the platform for low cost electric vehicle production.

Drive reported earlier this year that Volkswagen could potentially offload its prestige marques Bugatti, Bentley, and Ducati, to focus more attention on the development of its mainstream consumer 'ID' range of electric vehicles.

The ID.3 is slated for launch in Australia during 2022.

A spokesperson for Volkswagen was approached for comment on the report. This story will be updated when more information becomes available.

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William Davis

William Davis has written for Drive since July 2020, covering news and current affairs in the automotive industry. He has maintained a primary focus on industry trends, autonomous technology, electric vehicle regulations, and local environmental policy. As the newest addition to the Drive team, William was brought onboard for his attention to detail, writing skills, and strong work ethic. Despite writing for a diverse range of outlets – including the Australian Financial Review, Robb Report, and Property Observer – since completing his media degree at Macquarie University, William has always had a passion for cars.

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