Volkswagen has been dangling its €20,000 electric car out there for more than four years so you'd be forgiven if you've already dismissed it as vaporware. Originally slated to launch in 2025, the bargain-basement EV is running a little late,

The EV will be one of nine new models launching by 2027, expanding VW’s lineup. The ID. One will start at €20k, while the production ID.2all will be priced under €25k. Volkswagen has unveiled the first official teaser for its upcoming entry-level EV in Europe,

It's been nearly two years since Volkswagen unveiled the ID.2all concept as a window into the future of its €25,000 ($26,000) electric car. That future still isn't here, considering a production model won't hit the market until sometime next year.