How Much Will the Volvo XC40 Electric SUV Cost?
How Much Will the Volvo XC40 Electric SUV Cost? Volvo has long been known for its relatively inexpensive but high-quality vehicles, and now it’s getting ready to release its first electric vehicle as well: the Volvo XC40 EV. Though we still don’t know exactly how much the XC40 EV will cost when it hits showrooms in the US next year, we do have some idea of what it might cost and how much it might save you on fuel costs over time.
The base model
Volvo is set to release its new electric vehicle, the Volvo XC40, in 2020. The compact crossover will be a first for Volvo and a first for electric cars in general. It’s also going to be expensive. With an estimated price tag of $70,000 (which converts to £57,600), it’s more than twice as much as Tesla’s Model 3 base model and over $10,000 more expensive than the BMW i3. Is it worth it? Well…maybe. The 2019 Volvo XC60 has been well-reviewed by critics, but Volvo doesn’t have any other electric models yet. Plus, this isn’t the only luxury SUV that has attempted to break into the EV market: Audi is releasing an all-electric Q6 e-tron later this year with a starting price of $74,900 (£61,500). So what do you get with that extra money?
The all-wheel drive
Volvo is making a big push to electrify its vehicles, and it’s finally unveiling its first all-electric car. The Volvo XC40, as we know it now, is an all-wheel drive electric vehicle that will be available in 2020. It’ll have a range of 250 miles and a battery pack that can be recharged in about 30 minutes. It’ll also come with Level 3 autonomous driving capabilities. That means you won’t need your hands on the wheel for 90% of your trips. Volvo calls this IntelliSafe, which does much more than just keep you safe from other cars. It’ll keep you safe from yourself too. If it detects that you’re at risk of drifting off the road or hitting a cyclist, it’ll either guide you back into your lane or give you some warning before applying the brakes. Volvo claims that if people started using these features, then there would be around 20% fewer traffic accidents every year (which would make sense given how distracted we are).
The most expensive version of Volvo’s new EV should start at $48,000 (it starts at $37,400 but get ready for some pricey add-ons). So what do I think? I like Volvo’s focus on safety and autonomy technology so I’m going to say hell yeah.
The fully loaded model
The Volvo electric SUV will be a top-of-the-line model with all of the bells and whistles. The base price is $47,900, but customers can add on options such as heated seats for an additional $1,000 or upgraded sound system for $3,600. Most expensive are the customized interior packages which range from $5,800 to $8,900. There’s even a package that offers wireless charging capabilities and costs an extra $2,500. And don’t forget about tax credits for purchasing an electric vehicle. In some states, it ranges from $4,500 to $6,500. All in all, a loaded Volvo electric SUV could cost over $60K!
What you get for your money
The Volvo XC40 will start at $41,500. For that price, you get a standard hybrid powertrain with 208 horsepower and 236 lb-ft of torque. Opt for the all-electric option and you’ll pay $47,000 for a modest battery pack with 38 kWh of capacity. That’s not exactly a bargain compared to other electric SUVs on the market, but it does give you access to Volvo’s suite of safety features like Pilot Assist that can make driving in heavy traffic much less stressful. In fact, Volvo is so confident in its driver assist systems that they’ve pledged to refund up to 100% of the car’s purchase price should you be involved in an accident while using these features.
The Volvo company is releasing a new electric car, which will be called the Volvo XC40. This electric car will cost a little more than other cars, but it does have many benefits. For example, it is great for your health as it doesn’t pollute and it saves you money on gas and maintenance costs. This Volvo electric SUV will be released in 2020 with an expected price of $48,000.