Volkswagen is working on an entry-level electric vehicle that will sell for a base price of €20,000 ($21,000). The company has already given its own employees a look at its initial design during a meeting in Wolfsburg,

It could be the ID.1, a car VW has promised since 2022.

Volkswagen will unveil the concept version of its entry-level EV on March 5 while the production version based on the MEB platform will arrive in Europe in 2027.

Volkswagen’s new entry-level EV will be part of the fully electric ID product family. This range has been a major success, with over 1.35 million ID cars sold globally since 2019. The new entry-level EV will be based on the MEB platform. It is a shortened version of the one used with the ID.2all hatchback.

While the new Volkswagen electric car concept will be showcased in March this year, the production version will not hit the market until 2027