Yesterday Volvo presented its first-ever all-electric vehicle – the XC40 Recharge. The carmaker claims it will cost below $50,000 and compete with Tesla.
The Tesla Model Y seems to be the most likely rival. The Model Y Standard Range is priced at $39,000 and arrives in spring 2021, while other variants (Performance, Long Range Rear-Wheel Drive, Dual-Motor All-Wheel Drive) will be available already in the fall of 2020.
The 2020 Volvo XC40 Recharge should go on sale in a year. It is the first in a new lineup of electrified vehicles the company will release with the ‘Recharge’ logo. Every Volvo model will eventually have a Recharge model.
The model with a floor-mounted 78.0-kWh battery pack produces 408 hp, accelerates from 0 to 60 mph in 4.7 sec, can cover nearly 250 miles (402 km) WLTP-rated on a single charge. The U.S.-spec cars will have the driving range above 200 miles (322 km).
For comparison: the Tesla Model Y with a standard battery will provide 0-60 mph acceleration in 3.5 seconds and have 230 miles (370 km) of range.
It will take 7.5 hours to charge the Volvo XC40 EV up to 80% at home, and 40 min to do it from a 50-kW DC fast charger.
The XC40 Recharge rides on Volvo’s Compact Modular Architecture designed for electrification. The car’s curb weight is 4840 lb (2195 kg), it is about 1000 lb (454 kg) over the heaviest gasoline XC40.
The model is the first Volvo to use a new Advanced Driver Assistance System (ADAS) and the first capable of over-the-air updates.
It incorporates a new Google’s Android-based infotainment system with built-in Google Assistant, Google Maps, and the Google Play store.
Eight color choices and a standard contrasting black roof are available. The company uses recycled materials inside. The wheel options are 19- and 20-inch ones.
The electric XC40 is just the firts step in Volvo’s ambitious electrification plans. By 2025, the automaker will cut the life-cycle carbon footprint on each vehicle by 40 percent.
Moreover, Volvo strives to make half its cars electric and containing 25 percent recycled plastics within the next five years.