The first Volvo XC40 electric car is expected to cost around $ 50,000



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When Volvo opened its first plant in the United States, the Swedish automaker also agreed to tell more about upcoming electric car projects.

First, the label of brothers and sisters Polestar 2019, with a semi-combo to challenge Teslas Model 3, becomes the first model without emissions with the Volvo emblem in the front – an electrified version of the compact XC40.

In advance, it is said that the price will range between $ 35,000 and $ 40,000, but in an interview with Wards Auto newspaper, CEO Samuelsson suggests instead to learn to get something around 50 $ 000.

READ MORE: "A lot of questions about what Volvo has in the United States to do"

Other strategy than Tesla competition

Tesla has so far used an economic model where every Car sold costs a cost to the company. When production then increases and the manufacturer can provide a larger number of customers with the 3 "cheaper" model, the indebted business should be able to present black numbers on the last line.

But that's not a strategy Volvo wants to take.

– It will be profitable from the first day. We do not intend to sell electric cars at a loss, "says Håkan Samuelsson.

READ MORE: World Premiere – Introducing the New Volvo S60

Volvo Development Manager: "Five Electric Cars in a Short Time"

Starting in 2019, every new models like Volvo have an electric motor under the hood. The vast majority of vehicles will be hybrids, but since the launch of the first fully powered car, there are more options without an internal combustion engine.

– There will be a number of models, both from Polestar and Volvo. Our goal is to get five electric cars shortly after the first release, "said Henrik Green, director of development at Volvo, during his meeting at the US factory.

Volvo XC40 won the Car of the Year contest

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