From Europe for Europe29 May 2024 09:09
From today’s Telegraph. No direct connection or certainty for VW but EU OEM s would have to be in this space.
“ It came as Volkswagen announced plans to develop a low-cost electric car in Europe yesterday as it races to counter fears that Chinese rivals are set to flood Western markets with cheaper models. The German carmaker plans to launch new electric model starting at about €20,000 (£17,000) in 2027.
Oliver Blume, VW’s chief executive, said:“It’s about entry-level electric mobility from Europe for Europe. In doing so, we combine a clear commitment to Europe as an industrial location, a European industrial policy and ultimately act in the interests of European customers.”
Timings interesting from Europe for Europe, just post CRMA into force.