The Volvo XC40 Recharge will land in Australia around the middle of next year, with the brand promising it will be among the most affordable premium BEV options in our market, not least of which because it's considerably smaller than its European rivals.
While the brand wouldnt be drawn on exact pricing, executives did say it could land "just above" the Tesla Model 3 in our market. That model retails at around $70k in its cheapest guide, suggesting the XC40 Recharge could also start in the $70k bracket.
Recharge will become a sub-brand for Volvo, too, with all electrified models to carry the nomenclature, whether they're BEVs or Plug-In Hybrid models.
The XC40 EV will deliver an up to 418km driving range, and will produce a sprint to 100km/h in just 4.8 seconds in its most expensive guise. It's driven by two electric motors (300kW and 660Nm), and is fitted with a 78kWh lithium-ion battery.
"We've still got work to do, but we think we can hit the sweet spot. At the moment you've got the Nissan Leaf at (up to) $60k, then you'd got the Tesla Model 3, and after that you've for the Audi e-tron at $130k-plus," says Volvo director of sales and product planning, Stephen Connor.
"We think thee's a sweet spot somewhere just above Tesla."