LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Volkswagen secures $35 million to build its most affordable EV yet, the ID.1

Robert Frost by Robert Frost
August 20, 2025
in Industries
Volkswagen secures  million to build its most affordable EV yet, the ID.1
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

Volkswagen-most-affordable-EV

Volkswagen was awarded 30 million euros ($35 million) to build the ID.1 in Portugal on Tuesday. The ID.1 will start at about 20,000 euros ($22,000) as the smallest, most affordable EV in the Volkswagen lineup.

Volkswagen moves closer toward affordable EVs

The ID.1 is “the last piece of the puzzle,” according to Volkswagen brand CEO Thomas Schäfer. We got a sneak peek of the new entry-level EV in September after VW unveiled the ID.EVERY1 concept.

Although it was just a concept, unlike many, Volkswagen is bringing this one to life. The ID.EVERY1 concept previews “an electric 20,000 euro Volkswagen,” the company said earlier this year.

After signing a deal with the Portuguese government on Tuesday to produce the new entry-level EV, Volkswagen is one step closer to bringing it to market. Thomas Hegel Gunther, president of Volkswagen’s Autoeuropa plant in Portugal, confirmed the ID.1 is scheduled for production in mid-2027.

Advertisement – scroll for more content

Gunther also confirmed it will be the new VW entry-level EV with starting prices at 20,000 euros ($22,000). “The coming years will be marked by making the future a reality, Gunther said at the event.

Volkswagen's-ID.1-EV
Volkswagen-ID.1-most-affordable-EV

The government will contribute up to 30 million euros ($35 million) in state aid to help get it started. “For more than three decades, Autoeuropa has been more than a pillar of the national economy,” Manuel Castro Almeida, Portugal’s Minister of Economy, said, adding, “Today, it reinforces that legacy.”

You might also like

Sends shares Q1 2026 business update and product progress

BP flags ‘exceptional’ oil trading performance as Iran war chokes supply

Why the economy could be spared 2022-style inflation despite high oil prices

Volkswagen-most-affordable-EV
Volkswagen ID.EVERY1 interior (Source: Volkswagen)

Measuring just 3,880 mm long, the ID.1 will sit between the former Up! (3,600 mm) and ID.2 (4,050 mm). It’s slightly smaller than the Polo (4,074 mm).

Following the ID.2 and an SUV version, due out next year, Volkswagen will launch the ID.1 in 2027. Thanks to its partnership with Rivian, it will not only be the most affordable Volkswagen EV but also the first software-defined vehicle (SDV) model. All three vehicles are part of VW’s Electric Urban Car Family, its new entry-level series.

FTC: We use income earning auto affiliate links. More.

[ad_2]

Source link

Share30Tweet19
Previous Post

Citigroup says this ‘overlooked’ software provider can return almost 20%

Next Post

Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.

Robert Frost

Robert Frost

Recommended For You

Sends shares Q1 2026 business update and product progress
Industries

Sends shares Q1 2026 business update and product progress

April 14, 2026
BP flags ‘exceptional’ oil trading performance as Iran war chokes supply
Industries

BP flags ‘exceptional’ oil trading performance as Iran war chokes supply

April 14, 2026
Why the economy could be spared 2022-style inflation despite high oil prices
Industries

Why the economy could be spared 2022-style inflation despite high oil prices

April 14, 2026
Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested
Industries

Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested

April 13, 2026
Next Post
Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.

Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.

Related News

Fed rate decision and global central banks set to steer market volatility – London Business News | London Wallet

Fed rate decision and global central banks set to steer market volatility – London Business News | London Wallet

December 16, 2024
The rally is starting to broaden from megacaps. Here’s where smaller tech stocks can benefit

The rally is starting to broaden from megacaps. Here’s where smaller tech stocks can benefit

December 12, 2023
Attempts to ‘undermine’ strengthening of workers’ rights rejected by MPs

Attempts to ‘undermine’ strengthening of workers’ rights rejected by MPs

September 15, 2025

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?