You Won' t Believe How Cheap Volkswagen' s Electric Car Will Be CarBuzz News Features New Cars Used Cars Sell My Car Shopping Tools Car Reviews Car Finder Compare Cars Best Cars Car Dealerships Used Car Reviews Car Advice Home News You Won' t Believe How Cheap Volkswagen' s Electric Car Will Be

You Won' t Believe How Cheap Volkswagen' s Electric Car Will Be

Nov. 10, 2018 7:10 PM ET by Jared Rosenholtz Pricing / 3 Comments Let's just say it may be a game changer. Consumers aren't ready to buy electric cars for myriad reasons, from range anxiety and a lack of options to fear of change. Price is certainly one complaint that comes to mind. Although automakers are working to develop cheaper EVs, they still cost significantly more than their gas-engine counterparts. Volkswagen has said its EVs will be priced similarly to its diesel models before Dieselgate, though we haven't been given any exact price figures. Now, Reuters reports that VW's EV models are expected to sell for less than 20,000 euros ($22,836), which would a complete game changer in the EV market. Ingo Barenschee via Volkswagen Volkswagen Volkswagen Sources close to VW say the company is planning to convert three factories in Germany to produce EVs. Another vehicle called the ID Aero will reportedly be built in a plant that currently manufactures the Passat. VW has also discussed building EVs in the US, which could further help bring down the cars' prices. If VW is truly able to sell an EV for under $23,000, it would be completely revolutionary for the segment. Currently, the Smart ForTwo Electric Drive is the least expensive EV in the US with a starting price of just $23,800, although it comes with a lackluster range of just 58 miles. VW's EV could potentially be even cheaper than the Smart and match rivals like the Chevy Bolt on range. Volkswagen Volkswagen Volkswagen Volkswagen Volkswagen Volkswagen Comparatively, the "affordable" Bolt costs $36,620 and has a range of 238 miles. VW is ambitiously targeting a much lower price, so we'll have to see if the German Automaker can deliver. Even Tesla's long-awaited entry-level $35,000 Model 3 -which has yet to enter production - wouldn't be able to match VW's ID models on price. It's too early to tell if VW can hit this desirable price for its future EV models, but if the company can pull it off, we'd say it is game-set-match. Volkswagen Volkswagen

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Volkswagen e-Golf Jared Rosenholtz Editor-at-Large After graduating with an MBA, Jared pursued his love of cars by becoming an automotive journalist. An internship with CarBuzz grew into his current position as Editor At Large. Jared now spends most of his time evaluating new vehicles and chasing the latest news stories in the automotive industry. When he’s not attending Cars & Coffee events on the weekend, Jared loves to watch NFL football and cruise around with the top down in his German convertible. Contact Jared @Carsnbites @jar_rosenholtz LoginSign Up Home News Features Car Reviews Car Advice 2021 CarBuzz Awards New Cars Used Cars Future Cars Compare Cars Sell My Car Car Dealerships Buy Here Pay Here Used Car Reviews Popular Tags Cars # Video # TOP # Spy Shots # Reveal # Rumor # Auto Show # Supercar # Tuning # Car Culture # Industry News # Motorsport Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Make Acura Alfa Romeo Aston Martin Audi Bentley BMW Bollinger Bugatti Buick Cadillac Caterham Chevrolet Chrysler Dodge Ferrari Fiat Fisker Ford Genesis GMC Hennessey Honda Hyundai Infiniti Jaguar Jeep Karma Kia Koenigsegg Lamborghini Land Rover Lexus Lincoln Lordstown Lotus Lucid Motors Maserati Mazda McLaren Mercedes-Benz Mini Mitsubishi Nissan Pagani Polestar Porsche Ram Rimac Rivian Rolls-Royce Spyker Subaru Tesla Toyota Volkswagen Volvo By Car Type SUVs Crossovers Sedans Coupes Trucks Sports Cars Wagons Vans Hatchbacks Convertibles Small Cars Luxury Cars Electric Cars Hybrid Cars Future Cars By Price Up to $15K $15K - $25K $25K - $35K $35K - $45K $45K - $55K $55K - $75K $75K - $100K $100K - $200K $200K - $300K Above $300K Back To Top