Volvo XC40 electric coming soon and will cost less than Jaguar I Pace and Tesla Model X
VOLVO Volvo XC40 Electric SUV will launch after the Polestar 1 hybrid
Volvo launched the XC40 in 2017 and starting delivering cars to customers earlier this year. The baby SUV was launched as a compact version of the XC60 but was given its own personality and exterior design. It is a measured success of a car and there is a lot to like about the XC40 from its classy good looks, to its features onboard and unparalleled safety. Volvo has bigger ambitions for the car than just the current crop of motors including an electric version of the vehicle which is set to launch as the company’s first electric car.
The launch of the electric SUV will follow the introduction of the Polestar 1 in 2019. Polestar recently split with Volvo and will primarily focus on performance electric cars However, Polestar 1 will be a plug-in hybrid and a fully electric Polestar will not launch until the ‘2’ is announced. Previously, Volvo has stated its ambition to introduce an electrified version of the V40 hatchback, which is expected to have over 250-miles range on a single charge.
New Volvo XC40 2018 REVEALED in pictures Wed, September 20, 2017 New Volvo XC40 2018 REVEALED in pictures Play slideshow 1 of 100
The electric XC40 will one of the first EVs from the company and will be profitable, but not boast a ginormous starting price, said CEO Håkan Samuelsson in an interview with Wards Auto. “From day one (it will be profitable). I think we will have no intention or ambition to sell electric cars with losses,” he said. Prices for the car had previously been speculated to come in around $35,000-$40,000, but Samuelsson alluded to the price being closer to $50,000. The CEO responded to questions about the car costing near $50,000 saying year and adding that Volvo is “planning that should be a profitable car.”
VOLVO Prices for the electric car are expected to cost around $50,000