Back in April, while Volkswagen was bragging about how much its new battery technology would reduce costs, it said that it was working on a compact EV that would cost less than €20,000 (US$21,693 at current exchange rates). Now, CEO Oliver Blume is a little less sure if that will be possible.
Whether or not VW makes such an affordable EV will likely depend on if it can make a profit selling it. The automaker has previously said that its new unified prismatic cell will cost around half as much as its current batteries, but it’s unclear if that will be enough to go below €20,000.
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