Volvo has plans to make a cheap electric car with better range than the Tesla Model 3, according to Automotive News, who spoke with the CEO of Volvo Car USA in Geneva in March. This first-ever electric Volvo car will most likely debut in 2019 with a range of 250 miles and a price point between $35,000 and $40,000.
Barring major advancements from Chevy in the next couple of years, Volvo’s rumored electric car would beat the range of both the Chevy Bolt and the Tesla Model 3, both of which are around the same price point. These numbers are a deliberate attempt to match and exceed the other leaders in the electric car industry.
There’s no news on what the Volvo electric car will look like yet, but experts speculate that the luxury brand will roll out a small sedan like its competitors, despite its popularity in the US for its SUVs. It may also build the electric car on a platform like its upcoming compact CUV, the XC40.
While Volvo doesn’t have a huge timeframe to get this model into production, CEO Lex Kerssemakers isn’t worried thanks to Volvo’s modular platforms, so expect to hear more information about the upcoming Lexus EV.
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