VW sticks with 2025 target for electric car costing around €25,000    

Volkswagen to invest €180bn over five years in areas including battery production and raw material sourcing

Over two thirds of Volkswagen's five-year investment budget is allocated to electrification and digitalisation. File picture

Volkswagen is still aiming to bring an affordable electric car — costing around €25,000 at today's prices — to market by 2025, produced on a second-generation version of its all-electric MEB platform.

It comes as it plans to invest €180bn over five years in areas including battery production and raw material sourcing in a bid to cut electric vehicle costs and protect its market share, it has said.