When the series production cars launch, VW quotes a price under $34,000 at exchange rates.
Consider this the Beetle or Golf for the 21st century as it marks the automaker's turning point toward an all-electric future portfolio.
Don't consider it for your next car if you live in the US -- we'll get our first ID model soon, though it'll be a crossover SUV to suit the US market's tastes.
VW said in its announcement that it will bring the ID 3 into the world with the ID 3 First Edition in three flavors: the basic ID 3 1st, 1st Plus and 1st Max.
Naturally, the price and equipment level increases with each tier.
All three 1st Edition cars boast a 58 kilowatt-hour lithium-ion battery good for 261 miles of range (420 kilometers based on European WLTP estimates).
A 45-kWh model will boast a price under $34,000 (at current exchange rates) before any tax credits or incentives, VW promised.
Under the simple metal is the MEB platform -- the key to VW's electric-car portfolio in the years to come.
At the rear axle sits the electric motor, making 201 horsepower and 229 pound-feet of torque, a one-speed transmission and the power electronics.
Sandwiched between both axles is the flat lithium-ion battery, tucked low into the vehicle for center-of-gravity benefits.
Keep clicking to see more of the Volkswagen ID 3.