German automobile giant, Volkswagen has reportedly hinted one of its recent concept cars that is expected to be the most affordable electric vehicle in the company's ID-branded series.
As per sources, the ID Life concept, unveiled at the IAA Mobility conference held in Munich, Germany, is a boxy little four-door compact car that looks more like the absurdly cute Honda E than its more streamlined ID counterparts.
Although, it won't be available for purchase until 2025 (meaning that it will take two years to demonstrate the final production version), according to VW, it will cost just around €20,000 (around $24,000).
That is a remarkably low price, and one of the main reasons why VW has spent so much money building the modular "MEB" electric vehicle platform.
Since the same core technology will be used to power several cars at different price points, the automaker will eventually charge customers significantly less, for what should still be a capable EV, without going bankrupt on the project.
A lot could happen in the next four years, but those features are better than the ID 3's current base model, which is VW's current entry-level Golf-style electric vehicle.
The ID Life's interior includes a yoke-style steering wheel with touch-sensitive buttons but no conventional dashboard display; instead, VW expects buyers to place their phone or tablet on the wooden dash and use it to control the infotainment system.
As for its performance, the ID Life concept will come with a 57kWh capacity version of the MEB battery pack, which the automaker claims can offer around 400 kilometers (about 250 miles) of range.
A potent 172kW motor will be rigged on the front axle which can move the compact SUV from 0 to 100kmph in just under 7 seconds.