Jul 3, 2018 - 02:49 pm

Volvo XC40 Electric to be profitable “from day one”

Håkan Samuelsson: "We will have no intention or ambition to sell electric cars with losses.”


Volvo is preparing for the launch of the electrified XC40 series and has narrowed down on price. The all-electric XC40 will cost about 50,000 dollars according to Volvo CEO Håkan Samuelsson. He also affirmed Volvo’s intention to be profitable “from day one” at a media event.

The next-gen XC40 is in line with Volvo’s plan to electrify their entire model range. Expect the PHEV version later this year. Not much has been said about the all-electric XC40 but it utilises the new CMA platform. Release is scheduled for early 2020.

If the 50,000 dollar price tag stands, it would make the electric Volvo SUV a pretty competitive choice in the segment. The Jaguar I-Pace starts at 69,500 dollars for example.

Still for Volvo to sell off the XC40 Electric with a profit surely means they expect volume, not unlike Tesla. Their Model 3 had been shown profitable in a recent analysis, proving sceptics deeming electric cars a loss wrong.



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Found on electrive.com
03.07.2018 14:21