The Jeep is going to be midmarket with probably a lot of cost-cutting features. Probably not as nice fit and finish and such and will probably hit the $25k price point, after the $7500 subsidy.

If I had to guess it might be an electric version of the ICE Jeep Compass which starts at $25k. EV motors and batteries are reaching an economic point where they are becoming practically drop-in replacements for ICE drivetrains. The engine, drivetrain, emissions, etc stuff is also expensive. Assembly I imagine is cheaper too because electric cars are simpler machines.

> Tavares disclosed few details about the upcoming vehicle, saying it will be priced around $25,000 in the U.S. to emulate Stellantis’ pricing of the Citroen e-C3 SUV, a low-cost model starting at 23,300 euros, or about $25,200, in Europe.

I mean, reading between the lines, they all but say that it's going to be same platform as the e-C3; Citroen and Jeep are both members of the big happy family of car brands everyone had forgotten existed that is Stellantis. (Stellantis does seem to be slightly getting its act together now, but for quite a while it really was just a bunch of "wait, they still make those?" brands).

That said there's actually a 25k EUR version of the e500 available here; possibly the US only gets the higher trim levels or something?