Company Car Today

Volvo reveals new C40 EV amid big electric and online-only plans

Volvo has unveiled its new C40, the brand’s second electric vehicle after the XC40 Recharge, and its first that will come only as an EV.

The C40 is due in the UK early next year with an official range figure of 261 miles, and its unveiling was used by Volvo to set out its plans for the coming years. It will go on sale this summer, with Volvo stating that it will only sell any of its electric models online.

What that means for the fleet market – both in terms of outright purchase fleets and the leasing industry – is still to be defined by Volvo.

Volvo C40 Recharge 2021A spokesman told Company Car Today that there will be a specific Care by Volvo offering for the business market late this year, using a model already operational with Volvo in the German market, and there will be an initial B2B offering for customers looking to bulk-order this summer, although details are still scarce. “Our fleet customers are an incredibly important part of the business and will continue to be,” said the Volvo spokesman. “We will offer a multi-car fleet facility from this summer as an initial solution and a full offer from Q4 2021.”

In the meantime, and fleets or leasing companies looking to order the new electric XC40 Recharge would need to order on an individual vehicle basis online, where Volvo is also pledging pricing “transparency”. It will also offer pre-configured models to speed the buying process, as well as “radically reduced complexity in its product offer”.

Volvo has also pledged to become a “fully electric car company” by 2030, phasing out any internal combustion engines, including plug-in hybrids.

“To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future – electric and online,” said Håkan Samuelsson, chief executive of Volvo Cars. “We are fully focused on becoming a leader in the fast-growing premium electric segment.”


First EV service station opens in Essex


All-electric Volvo XC40 Recharge revealed