Volvo has revealed its first-ever electric vehicle, the XC40 Recharge SUV, as part of a push over the next half-decade to launch a new EV every year.
Over the next five years Volvo said it will launch a fully electric car every year, as it seeks to make all-electric cars 50% of global sales by 2025 with the rest hybrids and Recharge will be the overarching name for all chargeable Volvos with a fully electric and plug-in hybrid powertrain.
The XC40 Recharge offers a range of 249 miles on a single charge and output of 408hp and the battery charges to 80% of its capacity in 40 minutes on a fast-charger system, Volvo said.
To meet an anticipated growth in demand for its Recharge cars, Volvo added it will triple production capacity for electrified cars and said it is aiming for plug-ins to make up 20% of all sales next year.
“We have said this several times before: for Volvo Cars, the future is electric,” said Håkan Samuelsson, President and Chief Executive Officer of Volvo Cars. “Today we take a major new step in that direction with the launch of our fully electric XC40 and the Recharge car line.”
The XC40 Recharge is also the brand’s first car to feature an infotainment system powered by Android’s operating system. The infotainment system is fully integrated with Volvo On Call and via Volvo On Call, plug-in hybrid drivers can track how much time they spend driving on electric power.
Prices and an on-sale date have not been confirmed yet.