Also, according to Autocar, designers at Volkswagen were given the task earlier this year to bring the ID.Life more in line with the design language of the ID.3.

The new vehicle is expected to around the size of a Volkswagen Polo, being 100 mm shorter compared to the ID.3, while using the same MEB platform developed by the German carmaker.

The new mini sized EV might make an appearance in 2025 under the name of the ID.1 and it is supposed to cost around 20.000 euros.

Ralf Brandstätter, CEO of the Volkswagen Passenger Cars, said that "we have promised to realize this all-electric car in the €20,000–€25,000 price segment, and we will deliver by 2025! Like this, Volkswagen is further lowering the entry barrier for CO2-neutral mobility, making it affordable for even more people."

Since the vehicle is smaller than the ID.3, we can expect to see a smaller battery pack, down to 24kWh or 36kWh, depending on what the company will decide.

Photo source: Carmagazine

This way, the ID.1 should get around 200 to 225 km of range, given that the Mini EV and the Honda e already use similarly sized batteries and get these kinds of ranges on a charge. This of course will largely depend on the efficiency of the electric motor of the ID.1.

Volkswagen will get aid from sister company SEAT when it will come to building the ID.1, which could serve as a shared platform for some SEAT and Skoda models, as well.

Earlier this month, Volkswagen and SEAT funded the construction of an EV factory in Spain with 10 billion euros.

Some of the money invested will go towards a new Gigafactory in Valencia, where battery packs will be made for future cars of the group.

It is said that 20% of the power requirements of the factory will come from a solar farm that will be located around 10 kilometers away from it.

Herbert Diess, Volkswagen Group CEO, stated that “it made sense to come into EVs top down, but by 2025 we think the time will be right for a Polo-sized car. We have a new generation of batteries; aside from the raw material price rises, now our costs are coming down with scale."

"The demand is there and the margins are there for small electric cars to be profitable", concluded the CEO of Volkswagen Group.