Late last month, Volvo released some teaser images of their first fully electric vehicle. Today they officially announced their new XC40 Recharge EV.
The XC40 Recharge is the first fully electric vehicle for Volvo, and based on the combustion XC40 compact crossover. Most importantly, it has a decent range of 320km in testing (400km in WLTP testing). It comes equipped with an AWD powertrain pushing out 408 horsepower from it’s dual motors. As for charging speed, using a fast charger (up to 150kW) the battery can get to 80% in about 40 minutes. Compared to the ICE version of the XC40, the switch to an electric powertrain gives the opportunity for a frunk, something Tesla owners love.
As for the inside, it comes with lots of buttons and a new Android-powered infotainment system which is fully integrated with Volvo On Call, the company’s digital connected services platform.
No information on pricing for Canada has been released yet. The gas XC40 starts at $39,750CDN for the lowest trim, up to $48,550CDN for the highest trim level. If we were to make an educated guess we should expect the EV version to be priced above $50K, probably above the SR+ price of $54,990.
You can read the full press release here.