The €20.000 EVs are finally on their way... This time, for real
VW and BYD are set to shake up Europe’s affordable electric car market.
This edition of The Mobility Week in Review explores the emerging race for affordable EVs in Europe, Airbus’ setback in its hydrogen-powered flight ambitions, Manchester’s push for zero-emission transport, the Stellantis-Mistral AI partnership, new U.S. restrictions on Chinese raw materials in vehicle manufacturing, and the latest plans from Uber and Waymo.
Without further ado, let’s dive in…
🫰 The era of cheap electric cars in Europe is almost here
European automakers have struggled to produce electric cars under €25.000—essential to counter growing competition from China and expand beyond premium and larger segments to meet emissions targets. Now, a new price barrier has been broken. VW, Renault, and potentially other brands are gearing up to launch ultra-affordable electric cars, with models expected to hit the market at €20.000 or less.