The new car, which is closely related to the current ID 4 SUV, arrives as part of Volkswagen's ambition to become the global leader in electric car sales in 2021.
The model was previously shown in a teaser video with a special camouflage livery during the launch of the new ID 4 GTX, and the German manufacturer earlier this year confirmed that the larger SUV would gain its own hot variant.
The ID 5 will be the third of Volkswagen’s electric ID models to go on sale in Europe, joining the ID 3 hatch and ID 4. It will be offered in virtually identical specification to the ID 4, with a range of battery sizes and single- and dual-motor versions with various power outputs.
Volkswagen boss Ralf Brandstätter said: “Our next coupé is all about the elegance of flowing lines and naturally the ID 5 will also have a GTX version.”
The ID 5 GTX will use the same powertrain as the new ID 4 variant, with a twin-motor all-wheel-drive system that offers 295bhp, and a 77kWh battery giving an official range of up to 298 miles.
The ID 5 will initially be produced alongside the ID 4 at Volkswagen’s Zwickau factory, before both models move to a new home in the firm’s Emden facility.
Volkswagen has committed to launching at least one new ID model – all of which are built on the VW Group’s MEB platform – per year. The production version of the ID Buzz will follow next year, with the production ID Vizzion saloon due in 2023.