Volkswagen announced on Monday a cheaper version of its ID.4 electric vehicle is coming soon.
The cheaper ID.4 will have a smaller 62 kWh battery, 24% smaller than the 82 kWh battery found in the current vehicle with 275 miles of EPA range.
Design-wise it’s expected to be the same as the current ID.4 and will likely have a single motor with RWD configuration, offering less power and range compared to ID.4 Pro and Pro S versions available today.
According to CNET, Volkswagen said “More details regarding the locally produced MY23 ID 4 EV will be announced soon,” referring to the new vehicle’s production at the German automaker’s Chattanooga plant in Tennessee.
The ID.4 crossover SUV looks to compete against the likes of Tesla’s Model Y.
The cheaper ID.4 may be priced below $40,000 USD and a base price in the mid-$30,000 USD range looks to be possible.
Last month, Volkswagen launched its ID.4 Pro 4MOTION dual motor AWD, priced from 49,000 euros in Germany.
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