It's been nearly two years since Volkswagen unveiled the ID.2all concept as a window into the future of its €25,000 ($26,000) electric car. That future still isn't here, considering a production model won't hit the market until sometime next year.

Volkswagen is accelerating its focus on affordable electric vehicles. The company revealed a bold strategy to expand access to e-mobility, with a new entry-level model priced around €20,000.

Volkswagen has been dangling its €20,000 electric car out there for more than four years so you'd be forgiven if you've already dismissed it as vaporware. Originally slated to launch in 2025, the bargain-basement EV is running a little late,