Volkswagen just unveiled its new affordable electric vehicle, the ID.2all, during an investor event in Germany. With a starting price of 25,000 euros and an estimated range of 450 kilometers, the ID.2all is intended to be an affordable electric vehicle for the mass market.
This new vehicle from Volkswagen is a response to Tesla investors’ disappointment after the recent Tesla Investors Day, where there were hopes that a new affordable Tesla model would be unveiled, but those hopes have been buried. VW’s ID.2all concept is a Golf-look electric hatchback that the company says will be a true electric vehicle for the masses.
During the event, Volkswagen outlined a strategy that includes investing 180 billion euros ($193 billion) over five years in areas such as battery production and raw materials, with the aim of reducing EV production costs and increasing market share to overtake Tesla and others.
The ID.2all is just a concept for now, but Volkswagen believes it will go into production from 2025, making it one of 10 plug-in models to be launched by 2026. With its affordable price and potential, the ID.2 could do all of this and be a game changer in the EV market as Volkswagen strives to make EVs more accessible to the general public.
Overall, Volkswagen’s unveiling of the ID.2all concept is an exciting development for the electric vehicle market, as it shows that affordable, mass-market electric vehicles are becoming more and more of a reality. With the delay of Tesla’s affordable EV model, VW could be poised to take the lead in this market segment. It will be interesting to see how the ID.2all and other upcoming plug-in models from Volkswagen will fare against competitors like Tesla.
Armen Hareyan is the founder and editor-in-chief of Torque News. In 2010, he founded TorqueNews.com, which has since published expert automotive industry news and analysis. He can be reached at Torque News TwitterFacebook, Linkedin and Youtube.