Automotive News Europe reports Volvo has announced it wants 50% of its global sales to be from completely electric cars by 2025. To kick off the lineup, Volvo chose the XC40 with a planned premiere before the end of the year.
The Volvo XC40 debuted the later part of 2017 and obviously was a hit with customers. It became the brand’s second best-selling model globally, behind the larger XC60. Since the XC40 is already established as a popular model, Volvo has high hopes the all-electric version will put up big numbers when it becomes available for sale in 2020. If priced competitively, the XC40 could live up to expectations.
The current gas drinking XC40 uses Volvo’s Compact Modular Architecture (CMA) and the electric model will continue to use this modular platform. Co-developed with Geely, Volvo’s parent company, Volvo plans to have CMA underpinning all the 40 Series lineup and also multi-purpose it to some electric models.
The introduction of the XC40 is a significant move for the brand. While Volvo has presented several hybrids, the electric XC40 will set the stage as their first entry into the all-electric market. Current Volvo aficionados will definitely be interested, along with those jumping on the electric car bandwagon. Therefore, the XC40 does have some pressure to prove its mettle out of the gate. However, this isn’t Volvo’s first rodeo in the space. Polestar, Volvo’s electrified performance brand, already put out the Polestar 2, which is a rival to the Tesla Model 3.
While waiting for the electric XC40 to hit the streets, Volvo fans can reduce their carbon emissions with plug-in hybrid versions. The XC40 will first have the option of a T5 Twin Engine trim with a 1.5-liter three-cylinder petrol engine boosted by a battery-powered electric motor before the all-electric. A T4 Twin Engine is also on the horizon.