Volvo XC40 EV barges into Tesla territory, price structure revealed

Volvo XC40 Recharge claims to have a range of around 400 kms.Volvo XC40 EV can hit 100 kmph in 4.7 seconds.
By : HT Auto Desk
| Updated on: 22 Oct 2020, 12:21 PM
Volvo Cars has launched its first fully electric SUV XC40 Recharge today.
Volvo Cars has launched its first fully electric SUV XC40 Recharge today.
Volvo Cars has launched its first fully electric SUV XC40 Recharge today.
Volvo Cars has launched its first fully electric SUV XC40 Recharge today.

Volvo XC40 EV - officially called XC40 Recharge - is the first all-battery-power offering from the Swedish car maker and is the company's first show of intent to enter the electric vehicle revolution and, possibly, take it by storm. After dropping feature highlights over recent months, Volvo has now confirmed that XC40 EV will start at a price point of $53,990 in the US market which puts it firmly into the price territory of Tesla Model Y.

While Tesla and its products are widely seen as the main rival to bring down, Volvo XC40 EV is also looking at creating its own niche backed by what the car maker has always been praised for - superb safety features. As such, while Tesla Model Y starts at just under $50,000, the pricing of the XC40 EV may be a tad too premium. Prospective buyers, however, can look forward to incentives to bring this price tag down. The US has several of these incentives for electric vehicles with some states like California rolling out even more.

Similar Cars

Find More Cars
Tata Tigor Ev (HT Auto photo)
Tata Tigor Ev
Electric | Automatic
₹11.99 - 13.14 Lakhs**Ex-showroom price
Tata Altroz Ev (HT Auto photo)
UPCOMING
Tata Altroz Ev
 
₹12 - 15 Lakhs* *Expected Price
Tata Nexon Ev (HT Auto photo)
Tata Nexon Ev
Electric | Automatic
₹13.99 - 16.85 Lakhs**Ex-showroom price
Mahindra Xuv400 Ev (HT Auto photo)
UPCOMING
Mahindra Xuv400 Ev
 
₹14 - 16 Lakhs* *Expected Price
Tata Nexon Ev Prime (HT Auto photo)
Tata  Nexon Ev Prime
30.2 kWh | Electric | Automatic | 312 Km
₹14.99 - 17.5 Lakhs**Ex-showroom price
Tata Nexon Ev Max (HT Auto photo)
Tata Nexon Ev Max
Electric | Automatic
₹17.74 - 19.24 Lakhs**Ex-showroom price

(Also read: Volvo plans XC20 e-SUV to mount challenge in battlefield of electric vehicles)

While incentives are valid on most electric cars and won't benefit just Volvo XC40 EV, it could help its case. The EV also claims to have a range of over 400 kms - certified range of 335 kms - thanks to a 78 kWh battery pack and 150 kW DC fast-charging capability. In terms of performance capability, the XC40 electric claims to hit 100 kmph in 4.7 seconds and - much like all Volvo cars being rolled out now - have a capped top speed of 180 kmph.

FOLLOW US:Stay Updated with latest content - Subscribe us on
FOLLOW US:Stay Updated with latest content - Subscribe us on

The XC40 EV does get a significantly higher premium in pricing - around $20,000 - than the XC40 with a conventional engine but is promising a far more efficient drive and economical ownership experience.

Volvo is betting big on its smallest SUV to create a mark for itself in the EV world. A number of companies are looking at smaller SUVs rather than the big ones to begin their EV journeys from.

First Published Date: 22 Oct 2020, 12:20 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city