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VW has shown an electric version of its classic GTI hot hatch. It’s just a concept so far, but VW says the all-electric ID. GTI is planned for eventual production.

The electric VW ID. GTI concept was unveiled today in advance of the IAA auto show in Munich, Germany.

The original Golf GTI, released in 1976, was the first VW to use fuel injection, thus the model name which stands for Grand Touring Injection. VW expanded the GTI designation to other performance-oriented models, and the VW Golf GTI has been popular as an affordable but quick hot hatch, defining the segment.

So lending this designation to a future electric model is a big deal, showing that VW thinks the coming electric ID. GTI will be worthy of that heritage (especially since it said it wouldn’t use the GTI designation for the ID.3 hot hatch version).

VW said that the new ID. GTI will use this classic naming convention, despite the lack of a fuel injection system, replacing “injection” with “intelligence.” The “I’ now stands for “intelligent thinking in the sports-car world,” says VW.

The ID. GTI concept is based on the ID. 2all, a small and inexpensive electric hatchback. The 2all is expected to start under 25,000 Euros (~$27k USD), but VW doesn’t have a price yet for the ID. GTI. We’re sure it will be more, but if it’s starting from an inexpensive platform to begin with, that’s a good sign.

Other than that, we don’t have a lot of specs. It’s an inch taller than the Golf GTI, two inches wider, and seven inches shorter in length (though with just 1 inch shorter wheelbase). Due to this shorter length, it has slightly less rear cargo space than the Golf GTI, but more cargo space with the seats folded down, and it sits on slightly larger tires and wheels. And those are about all the specs that VW shared – nothing powertrain-related, yet.

We do know that the ID. GTI concept is planned to be front-wheel drive, like the 2all is. And it will have what VW is calling “GTI Experience Control,” a new system that VW says will allow drivers to adjust various aspects of vehicle dynamics. This includes adding sounds and simulated shift points – allowing you to pretend that your car is running on a noisy gas engine with a narrow power band instead of a superior electric one, if that takes your fancy for some weird reason.

The exterior has various sport-oriented touches, like a spoiler and big rear diffuser, front tow hooks, and black side skirts.

While it’s only a concept, everything about the exterior looks pretty realistic. We can imagine the final version will look somewhat like this.

On the interior, however, things get a little different. VW says it wants to incorporate an extensive augmented-reality heads-up display.

VW hasn’t released photos of this interior, but has released concept renderings of it. It looks quite futuristic – perhaps excessively so.

But then, these are renders, so who knows what the real thing will look like. We can imagine the sport seats and 12.9-inch touchscreen display will make it to production, and perhaps some sort of HUD, but maybe a little less extreme than these concept drawings suggest.

VW has said that “the decision has been taken that [the ID. GTI] will go into production,” but so far we have no date for when this will happen. The concept looks fairly far along, in terms of external design, but the interior is obviously not finished, nor can the powertrain be finished since we have no details on it (other than that the battery with be low-slung in the vehicle, helping lower the center of gravity, as has become the standard in EVs). So we don’t know when to expect it, but it will happen, eventually, says VW.

Electrek’s Take

We were all pretty excited when we saw this hit the newsroom, especially with this year’s proliferation of gigantic 3-row electric land yachts which seem to be taking the place of anything reasonably-sized. It’s nice to see a company offering something in the opposite direction, and especially in a segment, hot hatches, that is renowned by enthusiasts for offering little compromise between fun and practicality.

A few years ago Mercedes announced an electric EQA hot hatch, but later stole the EQA name and gave it to yet another bland crossover SUV that looks like literally every other car on the road, and we’ve heard nothing more about the awesome electric hot hatch concept. As you can tell, we’re still miffed about that.

So here’s a chance to get a real electric hot hatch, from the brand that defines the segment, at what seems like it might be a reasonable price, and with a production commitment – but with an unspecified date, and few details otherwise.

It’s good news on balance, and we can’t wait to hear more. As long as this one doesn’t go the way of the EQA.

Though I will say that one odd thing about this is the front-wheel drive layout. Many hot hatches use front-wheel drive, but this is because a gas engine can go under the hood and drive the front wheels, meaning no need for a driveshaft to transfer torque to the rear wheels, saving space and complexity in a small vehicle.

With an electric car, smaller electric motors can be put anywhere, and a driveshaft isn’t necessary. So a rear- or all-wheel drive version would be quite easy to do, and would give performance benefits as well (driving the rear wheels makes a car quicker, because weight transfers to the rear under acceleration).

Front-wheel drive has benefits for less-experienced drivers and in low-traction scenarios, but for a performance-oriented enthusiast vehicle like the GTI, we’d love to see rear- or all-wheel drive options at some point.

But there’s still time to go before this car hits the road, and we don’t really know any specs yet, so maybe this is in the plans. We’re certainly looking forward to hearing more about this, because we need some more fun, affordable hatchback EVs, especially with the Bolt EV going out of production this year (though Chevy says it will come back eventually).

What do you think of the GTI concept? Let us know in the comments.

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Trump’s first day, Hyundai lease deals, and Volvo’s EVs arrive in the US

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Trump's first day, Hyundai lease deals, and Volvo's EVs arrive in the US

On today’s episode of Quick Charge, President Trump has a wild first day in office, but it’s not ALL bad, either. Plus: Tesla gets diner integration, Hyundai keeps the deal train rolling, and it’s dad’s 80th birthday.

We also look ahead to some possible discounts for Tesla insurance customers, some news on the upcoming “cheap” Cybertruck, and wonder out loud if Puerto Rico’s billion dollar solar project is going to see the light of day. All this and more – enjoy!

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.

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Stripe cuts 300 jobs in product, engineering and operations

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Stripe cuts 300 jobs in product, engineering and operations

The Stripe logo on a smartphone with U.S. dollar banknotes in the background.

Budrul Chukrut | SOPA Images | LightRocket via Getty Images

Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed.

The payments company, valued at about $70 billion in the private markets, still expects to increase headcount by 10,000 by the end of the year, which would be a 17% increase, and is “not slowing down hiring,” according to a memo to staff from Chief People Office Rob McIntosh. Business Insider reported earlier on the cuts and the memo.

A Stripe spokesperson also confirmed to CNBC that a cartoon image of a duck with text that read, “US-Non-California Duck,” was accidentally attached as a PDF to emails sent to some of the employees who were laid off. Some of the emails mistakenly provided affected employees with an incorrect termination date, the spokesperson said.

McIntosh sent a follow-up email to staffers apologizing for the “notification error” and “any confusion it caused.”

“Corrected and full notifications have since been sent to all impacted Stripes,” he wrote.

In 2022, Stripe cut roughly 1,100 jobs, or 14% of its workers, downsizing alongside most of the tech industry, as soaring inflation and rising interest rates forced companies to focus on profits over growth. The Information reported that Stripe had a few dozen layoffs in its recruiting department in 2023.

Stripe’s valuation sank from a peak of $95 billion in 2021 to $50 billion in 2023, before reportedly rebounding to $70 billion last year as part of a secondary share sale. The company ranked third on last year’s CNBC Disruptor 50 list.

In October, Stripe agreed to pay $1.1 billion for crypto startup Bridge Network, whose technology is focused on making it easy for businesses to transact using digital currencies. 

Brothers Patrick and John Collison, who founded Stripe in 2010, have intentionally steered clear of the public markets and have given no indication that an offering is on the near-term horizon. Total payment volume at the company surpassed $1 trillion in 2023.

WATCH: Early Bridge investor weighs in on $1.1 billion Stripe deal

Early Bridge investor weighs in on $1.1 billion Stripe deal

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Rivian is offering up to $6,000 to upgrade your R1S or R1T

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Rivian is offering up to ,000 to upgrade your R1S or R1T

Thinking about upgrading your EV? Rivian (RIVN) launched a new promo on Tuesday, offering up to $6,000 to upgrade your R1S or R1T. Here’s how you can snag some savings.

Rivian R1S and R1T upgrade deal offers up to $6,000

Rivian delivered over 51,500 vehicles last year as the EV maker gains momentum. Although it was only slightly higher than the ~50,100 delivered in 2023, Rivian is expected to see even more growth this year.

After shutting down its Normal, IL manufacturing plant last April and renegotiating supplier contracts, Rivian has seen “significant cost improvements,” according to CEO RJ Scaringe.

Rivian also began delivering its next-gen R1S and R1T models last year. The new Large and Max battery packs have redesigned modules and more efficient packaging, “making them easier to manufacture and service.” For example, Rivian’s new EVs use seven ECUs, down from 17 in the first-generation R1T and R1S.

With new plant upgrades, reworked supplier contracts, and more efficient vehicles, Rivian is now passing the savings on to customers.

Rivian-EV-upgrade-$6,000
Rivian R1T (left) and R1S (right) electric vehicles (Source: Rivian)

Rivian introduced a new promo on Tuesday, offering up to $6,000 to upgrade your R1T or R1S. The bonus amount varies by trim:

  • Tri with Max battery: $6,000 USD / CAD 8,600
  • Dual with Max battery and Performance upgrade: $4,500 USD / CAD 6,500
  • Dual with Max battery: $3,000 USD / CAD 4,300

The offer is for current R1T or R1S owners or lessees in the US and Canada. Rivian launched the new promo on January 21, and it runs through March 31, 2025.

After you purchase or lease a qualifying vehicle, Rivian will apply a discount toward the MSRP. You must take delivery by March 31, 2025. In the fine print, Rivian stated, “You must request a trade-in estimate to qualify for this offer, but trade-in of a vehicle is not required.”

Rivian-EV-upgrade-$6,000
Rivian R1S (Source: Rivian)

Any other models are excluded from the offer. These include Dual Standard configurations, Dual with Large battery configurations, custom builds, demo vehicles, and pre-owned vehicles.

The new offer follows Rivian’s previous upgrade promo introduced last October, giving qualifying gas-powered vehicle owners or lessees up to $3,000.

Check out the Rivian R1 Shop to view eligible models. You can see eligible Rivian R1S here and R1T models here.

Electrek’s Take

Rivian’s R1S was already the tenth best-selling electric vehicle in the US last year, with nearly 27,000 models sold. With more driving range and power at a lower cost, the electric SUV could see even more demand in 2025.

Then again, with the arrival of new luxury electric SUVs, like the Jeep Wagoneer S and Volvo EX90, Rivian will face more competition in the US.

Rivian’s latest promo comes as the Company looks to carry the momentum from the end of 2024 into the new year. The EV maker is offering other deals, including 1.99% APR for 60 months on the R1 Dual with a Max Battery and Performance upgrade.

Even if you are not eligible for the promo, we can still help you find deals on Rivian’s electric SUV in your area. You can use our links below to view offers on the Rivian R1S and R1T near you today.

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