June 25

At €20,000, Will Volkswagen’s Future EV Be Affordable for Africans?

By Benoit-Ivan Wansi

While the cost of buying an electric vehicle can sometimes approach €170,000, depending on production costs and the model, German carmaker Volkswagen has announced that it will be manufacturing and marketing a new €20,000 model by 2025. The aim is to democratise electromobility on a global scale. But is this price really low compared with other brands and accessible to Africans?

Photo courtesy of Derrick Story.

Source: Afrik 21 (link opens in a new window)

Energy, Transportation
electric vehicles, infrastructure, manufacturing