Citroën is reviving the 2CV as a small, European-built EV priced below $17,500.

The new 2CV is aimed at making EVs affordable again, not chasing range or luxury.

It could undercut the Renault Twingo EV and Dacia’s upcoming budget electric car.

Citroën wants its upcoming cheap city EV to be a modern reinterpretation of the classic 2CV after previously denying it. In keeping with its predecessor, the cheap car that got France motoring after the Second World War, the new model promises to be very affordable, with a starting price under €15,000, or around $17,500.

This is before any incentives are applied, which in many European countries can shave thousands off the list price. Furthermore, Citroën says it will make the new 2CV this cheap while making it in Europe. Citroën needs to build it locally so that the new model falls into the European Union’s new M1E class of cars, which is basically the EU’s equivalent to the ‘kei car’ category in Japan.