Automakers ready low-cost EVs for Europe to counter Chinese threat

Just a few years ago, things looked grim for European buyers who wanted an inexpensive car, whether it was a minicar such as the Renault Twingo or simply an entry-level small hatchback at a price of less than 20,000 euros, let alone a battery-electric car, with even the cheapest EVs starting at more than 30,000 euros.