German carmaker Volkswagen presents its new electric ID. 2all model, an electric vehicle that costs less than 25,000 euros, in Hamburg, Germany, March 15, 2023. REUTERS/Fabian Bimmer
BERLIN (Reuters) - Volkswagen laid out on Wednesday the details of a planned all-electric car costing under 25,000 euros ($26,790), part of the German carmaker's push to derive 80% of VW passenger brand sales in Europe from all-electric vehicles by 2030.
The car with a 450-km range (280 miles), to launch in Europe by 2025, will be the first on Volkswagen's modular electric platform to feature a front-wheel drive, with design elements that hark back to the first Golf, VW said in a statement.