TERRAMAR, Spain -- Volkswagen Group’s target starting price of 20,000 euros ($21,226) for its new family of full-electric small cars may not be possible if Europe’s high inflation rate continues.
The 20,000-euro price is still a target for small EV’s base version -- provided inflation does not stay at the current heated pace, the development boss of VW Group’s Cupra brand, Werner Tietz, said.
“Inflation at 7 percent a year would be a problem,” Tietz said at a press event here.