Volkswagen is reportedly developing an affordable electric vehicle to battle the Chevrolet Bolt and the Tesla Model 3.
Details are limited but Motoring is reporting the model is a pet project of Dr Herbert Diess who is the CEO of Volkswagen Passenger Cars.
Little is known about the model but the company reportedly wants it to become the world’s first mass production electric vehicle. In order to achieve this, the car could become the world's most affordable electric vehicle.
To keep costs down, the electric vehicle will be heavily influenced by the next-generation Golf EV. It is also slated to ride on the Modular Electric Platform (MEB) that recently debuted on the Budd-e concept.
To help distance the model from the Golf EV, the new electric vehicle will reportedly have unique styling and a lower sticker price. It remains unclear if the model will be a sedan or hatchback but it will reportedly have range of at least 186 miles on a single charge.
If the report turns out to be correct, the model will be sold alongside the production version of the Budd-e concept which is slated to arrive in approximately 2020.