Volkswagen Future Plan

Brand gives First Glimpse of Entry-Level Electric Model

At VW's works meeting in Wolfsburg, Thomas Schäfer, CEO of the
Volkswagen brand, presented plans for the future of the core brand. Employees
also had a first glimpse of the design of the Volkswagen brand’s future entry-level
electric model at a price of about €20,000.

“With the results of the negotiations in December, we have embarked on the largest future plan in the history of Volkswagen. We are now following an ambitious course with a view to ensuring that we reach the targets we have jointly agreed. This will be a key step in making electro-mobility attractive for everyone – the clear goal of our brand,” said Schäfer.

At the same time, the Volkswagen brand CEO emphasized that Wolfsburg would remain the center for innovation and production competence. He said that the main plant would set new standards in automobile production.

Volkswagen plans to present the show car for the new entry-level model to the public at the beginning of March. The world premiere of the production model is
scheduled for 2027. With a base price of about €20,000, the new entry-level
electric model will be attractive for a wide variety of user groups.