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Sadly £500 these days might buy you the bricks propping up an old banger reg'd in the late 1990s...I bought my car 33 years ago for the princely sum of £500.
VW are planning the ID.2 for sale in 2025 with an estimated price of £17,000 which would make it the UK's cheapest EV if VW meets that price which is a big if given market forces and development costs. Apparently VW are planning the ID.1 will be even cheaper but that's years away.
I read recently that the forthcoming Euro 8 emissions targets are apparently likely to kill off the entire city car and supermini classes as anything under £20,000 will become unprofitable for manufacturers. So that means either losing all their highest volume selling ranges or reducing the price of EVs to fill this gap by 2030.
In this month's What Car I surprised to read one of the writers being amazed that people instinctively seemed to know his top-end Audi was an EV even when it wasn't moving or charging. The truth is if you see a stonking big SUV dripping in chrome and looking like it costs the same a small property to buy then its probably an EV.