The ID. 2all model, with front-wheel drive and a range of up to 450 kilometers , will be priced under 25,000 euros when it hits the European market in 2025, the manufacturer said.It is one of 10 new electric models the company plans to roll out by 2026 as it sharply boosts investment in electrification and digitization.
''We are implementing the transformation at pace to bring electric mobility to the masses,' VW Passenger Cars Chief Executive Officer Thomas Schaefer said in a statement.Thomas Schmall, a member of VW's board of directors, said the company was confident it could maintain the low price point through 'economies of scale' achieved with high sales volume.Volkswagen had said on Tuesday it would invest 122 billion euros in the shift toward EVs over the coming years.