Last week Volvo announced the debut of a fully electric version of its compact SUV – the Volvo XC40 – till the end of this year. It will be done as part of the company’s 2025 electrification program.
Volvo wants EVs to account for half of its global sales by 2025. This year we’ll see the first battery electric vehicle from Volvo and the second from the Volvo Cars (the first is the Polestar 2). It is about the Volvo XC40, the second global model of the brand after the larger XC60.
Both mentioned EVs, which share the same Volvo-Geely’s CMA platform, should go on sale by 2020. This architecture is also used by a trio of Chinese Lynk & Co cars.
Apart from the all-electric variant, the Volvo XC40 will get two plug-in hybrid versions: a T5 Twin Engine followed by a T4 Twin Engine, both to arrive in 2020.
Generally, 10-15% of all Volvo sales today are PHEVs. The carmaker plants to reach 25%. Hybrid powertrains are offered for the XC90 and XC60 SUVs, V90 and V60 wagons and the S90 and S60 sedans.
Plug-in hybrid Volvo X90 T8 eAWD starts at $67,000 (USA), €81,600 (Germany); the XC60 T8 eAWD PHEV costs from $55,300 (USA) and €71,250 (Germany).
We may expect the plug-in hybrid Volvo XC40 will cost around $49,000, the all-electric vehicle will be pricier.
Source: Automotive News Europe