VW has started making comparisons between its upcoming ID.3 electric model and comparable ICE models like their own Golf, claiming that their EV is not only cheaper to run but it’s also more affordable too.

According to the company, the base version of the VW ID.3 (the one with the 45 kWh battery pack and 330 km / 205 miles of WLTP range) will be priced from €23,430 in Germany ($26,170 in current exchange rates), after applying the local environmental subsidy, making it cheaper to buy than a Golf 1.5 TSI 130 PS or a Golf 2.0 TDI 115 PS in the country.

Read More: VW ID.4 Looks Virtually Production Ready, Will Be Launched In Europe Later This Year

Germany is currently offering an environmental grant (Umweltbonus), subsidizing EVs up to a list price of €47,600 with €6,570, while EVs with a base price of up to €77,600 receive the lower €5,570 bonus.

That means that prices for the new VW ID.3 in its home market will start from a round €30,000, before subsidies. The ID.3 Pro, which offers a longer driving range of 420 km (260 miles) courtesy of a larger 58 kWh battery, will also be priced at under €35,000 before subsidies, making it even cheaper than its predecessor, the VW e-Golf.

The ID.3 is arguable the most important new model for VW, with the German carmaker working hard to bring their first dedicated series-production model to the market.

In addition to achieving a lower base price from the comparable Golf models, VW calculates that the ID.3 will be cheaper to run by €70 euros ($80) on a monthly basis than a comparable combustion car in Germany, leading to savings of up to €840 ($940) per year.

The new VW ID.3 will also be cheaper to insure in Germany and to maintain, as it will need to be inspected every two years regardless of mileage.

VW will launch the new ID.3 in the European market this summer, as originally announced and discarding previous reports on the matter, focusing on delivering the 30,000 pre-booked First Edition models to customers at almost the same time.