Volkswagen's Affordable Electric Car Unveiled, Competing with Tesla's Model 3.

Volkswagen has unveiled the ID2 hatchback, a study that gives a glimpse of a production-version electric car for the masses that should cost less than €25,000 ($26,500), drive 450 kilometers (280 miles) on one charge, and be as roomy as a compact when it hits the market—currently scheduled for the end of 2025. The ID2 is mainly an insurance policy for Europe as the days of VW’s small Polo hatchback are numbered. Volkswagen is unlikely to sell the car in the U.S.