Volvo XC40 Recharge Electric Pricing Announced at $54,985

volvo xc40 recharge electric pricing announced at 54 985

Making good on its promise that the future will be electric, Volvo has readied the XC40 Recharge P8 compact crossover for a spring debut. Though it doesn’t seem to have secured an idyllic price tag. The electrified XC40 starts at $54,985, including a $995 destination fee, which makes it around $20,000 dearer than the gasoline model. That’s a lot of dough for such a small vehicle, even after federal (and potentially state) tax incentives shave a few thousand off the top. Surely customers will be getting a top-shelf automobile on par with the Tesla Model 3 Performance, if not better, to help that MSRP make some sense. But the math just isn’t working out in Volvo’s favor based on the specs given. Model 3 destroys it in every metric that isn’t headroom because it is not a crossover.

While the XC40 Recharge comes in below its larger European counterparts on price, and often by a fairly narrow margin, its maximum range is an EPA-estimated 208 miles. That places it within striking distance of the bigger electrics manufactured by Audi or Jaguar. But Tesla will happily sell customers a Model Y boasting 326 miles of range for about $10,000 less than the XC40. The only downside is that the American brand’s sales success has already exhausted its allotted federal tax credits, meaning you’ll get more money from the government if you buy something Swedish-Chinese.

Volvo said the Recharge would have a 78 kWh battery pack and a dual motor setup delivering a combined 300 kW. That’s allegedly good enough to see 60 mph in just 4.7 seconds from a dead stop and is closer to what we’d expect from an EV in 2020. But that range isn’t great and has been the Achilles heel for some European automakers hoping to export electric cars to North America — where the average commute takes a bit longer.

Part of the problem is that the XC40 is not a dedicated EV. While Volvo always planned to build an electric version of the crossover, it started life as a gasoline-powered automobile. This may also make the model a tough sell when it’s positioned beside nearly identical vehicles with an MSRP that’s $20,000 cheaper. But the manufacturer seems confident that the vehicle has other features that will help sway customers.

The XC40 Recharge P8 will be the first car in Volvo’s lineup to include an Android-powered infotainment system that bakes in Google’s Assistant, Maps, Play Store, and more. This opens up the door to network the car to home devices and personal accounts, though it is kind of creepy how integrated Big Tech is becoming in regard to automobiles. This is doubly true as vehicles increasingly utilize equipment (cameras, radar arrays, ultrasonic sensors) as part of advanced safety suites, which the XC40 EV is also getting.

Volvo has said demand for the model is already strong, however, and is already contributing to the corporate plan of having 50 percent of its global sales to consist of pure EVs by 2025. North America can expect to see the 2021 XC40 Recharge going on sale early next year. Meanwhile, production is already underway in Belgium and Europe should be seeing deliveries before the end of October.

[Images: Volvo Cars]

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  • SCE to AUX SCE to AUX on Oct 21, 2020

    Another "Tesla killer" with a high price, big battery, and terrible range. This was the car I hoped for a while ago, but not with these specs or this price. Actually, the Polestar 2 (the XC40's cousin) is priced a bit higher but is a much nicer car with better proportions.

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    • Ajla Ajla on Oct 21, 2020

      The Polestar 2 is a decent looking vehicle with good handling. However it is Tesla "Performance" priced for "Long Range" trim acceleration and "Standard" trim range. It's also built in China, which I know doesn't bother some people but that's not working for me in the foreseeable future.

  • RHD RHD on Oct 21, 2020

    Volvo is on the right track. At least it resembles a normal car. Too bad the range is so low, because range anxiety is what keeps buyers from adopting new and better tech. What buyers don't consider is that even though it's pricey, it will probably last for a half million miles. I'm holding out for an electric Miata, or even an S2000 equivalent, complete with manual transmission.

    • Inside Looking Out Inside Looking Out on Oct 21, 2020

      My idea of normal car is a little different from yours. Volvo looks like mini CUV if anything.

  • Snickel Fritz I just bought a '97 JX 4WD 4AT, and though it's not quite roadworthy yet I am already in awe of it's simplicity and apparent ruggedness. What I am equally in awe of, is the scarcity of not only parts but correct information regarding anything on this platform. I'm going to do my best to get this little donkey back on it's feet, but I wouldn't suggest this as a project vehicle for anyone who doesn't already have several... and a big impressive shop with a full suite of fabrication/machining/welding equipment, and friends with complimentary skillsets, and extra money, and... you get the idea. If you don't, I urge you to read up on the options for replacing anything on these rigs. I didn't read enough before buying, and I have zero of the above suggested prerequisites... so I'm an idiot, don't listen to me. Go buy all of 'em!
  • Bryan Raab Davis I actually did use the P of D trope, but it was only gentle chiding, for I love old British cars of every sort.
  • ScarecrowRepair The 1907 Panic had several causes of increased demand for money:[list][*]The semi-annual shift of money between farms and cities (to buy for planting and selling harvests)[/*][*]Britain and Germany borrowing for their naval arms race[/*][*]San Francisco reconstruction borrowing after the 1906 earthquake and fire[/*][/list]Two things made it worse:[list][*]Idiotic bans on branch banking, which prevented urban, rural, and other state branches from shifting funds to match demands. This same problem made the Great Depression far worse. Canada, which allowed branch banking, had no bank failures; the US had 9000 failures.[/*][*]Idiotic reserve requirements left over from the Civil War which prevented banks from loaning money; they eventually started honoring IOUs illegally and started the recovery.[/*][/list]Been a while since I read up on it, so I may have some of the details wrong. But it was an amazing clusterfart which could have been avoided or at least tamed sooner if states and the feds hadn't been so ham handed.
  • FreedMike Maybe this explains all the “Idiots wrecking exotic cars” YouTube videos.
  • FreedMike Good article! And I salute the author for not using the classic “Lucas - prince of darkness” trope, well earned as it may be. We all know the rap on BL cars, but on the flip side, they’re apparently pretty easy to work on (at least that’s the impression I’ve picked up). On the other hand, check the panel fits on the driver’s and passenger’s doors. Clearly, BL wasn’t much concerned with things like structural integrity when it chopped the roof off a car designed as a coupe.