Volkswagen seeks to counter rivals with budget EV model

Volkswagen AG introduces the ID. EVERY1, the company's most affordable electric vehicle (EV) at €20,000, approximately $21,000. It will be the first model to use the electric architecture developed with Rivian. The ID. EVERY1 is set to offer over 155 miles of range and begin production in two years in Europe.

• ID. EVERY1 costs around €20,000 ($21,000)
• Range of more than 155 miles
• Production starts in two years
• Uses Rivian electric architecture
• Cheaper lithium iron phosphate batteries