https://www.reuters.com/article/us-volkswagen-strategy-electric/vw-plans-tesla-rival-electric-car-for-less-than-20000-euros-source-idUSKBN1ND2C2

Volkswagen will offer a Tesla-rivalling electric car costing below 20,000 euros ($22,836) and convert three of its factories into electric car plants as part of a far-reaching overhaul, a source familiar with the deliberations told Reuters.