Volkswagen teased this concept image of its forthcoming entry-level EV.Volkswagen has announced that next month, it will show off a new low-cost, entry-level EV that could cost just 20,000 (about $20,800 USD), the price it suggested it would hit back when it announced the ID. Life concept in 2021. Thats a steal compared to current low-end US EVs like the over-$28,000 Nissan Leaf. Meanwhile, Volkswagens most affordable American-sold electric car is the roughly $40,000 ID.4, despite having promised a more affordable car for so long.The company didnt say what the cheaper follow-up model will be called, but adjusting the concept image VW included with its announcement exposes the name ID.One, as one Bluesky user found. That tracks: Volkswagen previously namedropped an ID.1 that would be based on the ID. Life concept. In 2022, VW shared a sketch of that car and pegged it for a 2027 release. This new car will hit in 2027, says VW, so theyre likely one and the same.rumor has it ID.ONE sir Felix Hamer electricfelix (@electricfelix.bsky.social) 2025-02-05T22:00:02.499ZLow-cost entry-level mobility in the electric era will be one of the cornerstones of the brands future plan, Volkswagen writes, adding that its not planning to just produce one low-cost car it reiterated today that it will ship another cheap EV called the ID. 2all that it announced almost two years ago. That car is expected to go for 25,000 (or about $26,000 USD). Both it and the ID.1 (or ID.One, if you like) will use a new version of its modular battery platform that the ID.4 and ID Buzz are based on.EV prices arent the only place Volkswagen is trying to cut costs. Following a labor strike in Germany, it reached a union deal that will mean 35,000 fewer workers and billions per year in cost-cutting, The Wall Street Journal notes.