Published

Volvo Targets 250-Mile Range for New EV

Volvo Car Corp. expects the all-electric vehicle it launches by the end of the decade will have have a driving range of at least 250 miles and to be priced between $35,000 and $40,000 in the U.S.
#hybrid

Share

Volvo Car Corp. expects the all-electric vehicle it launches by the end of the decade will have have a driving range of at least 250 miles and to be priced between $35,000 and $40,000 in the U.S.

Those parameters are perquisites for any next-generation EV offered in the U.S., says Lex Kerssemakers, who heads Volvo’s U.S. operations. Meeting such targets would put the Volvo EV on par with Chevrolet Bolt EV, (which starts at $37,500 has a 238-mile driving range) and upcoming Tesla Model 3 sedan, which is expected to start around $35,000 with a range of at least 215 miles.

Volvo hasn’t finalized other key details for the upcoming EV, including its body style and base platform, Kerssemakers tells reporters. But he says the carmaker can quickly ramp up development by choosing one of the company’s modular CNA or larger SPA vehicle architectures, which were designed to accommodate a variety of powertrains.

Volvo will use the CNA platform to carry the XC40 compact crossover. The SPA platform carries the XC60 and XC90 crossover vehicles and 90 series sedan and wagon.

RELATED CONTENT

Gardner Business Media - Strategic Business Solutions