The Volvo XC40 Recharge is now on sale in the UK for £53,155. Volvo’s first all-electric car will arrive at dealers in late 2020. The XC40 is not eligible for the £3,000 Plug-in Car Grant (PiCG) because it costs more than £50,000.
This is because Geely-owned Volvo will only offer the R-Design trim in left-hand drive. The compact SUV has a claimed range of more than 248 miles and shares much technology with the Polestar 2.
However, changes the British government made to its subsidy policy earlier this week mean, the electric Volvo will no longer be eligible for the UK plug-in car grant. Specifically, the new policy includes grants of 3,000 pounds for electric cars but only up to a list price of £50,000.
The Volvo XC40 P8 Recharge will be the first of five fully electric models that the Swedes will launch in the next five years. The company aims for EVs to account for half of its global sales by 2025. All electrified Volvo cars will carry the Recharge branding.