Volvo's first electric car is coming in 2019 with a $40,000 price tag
Volvo
Volvo told Automotive News that the vehicle will have a 250-mile range and a starting price between $35,000 and $40,000.
The news highlights how automakers are looking to compete with the likes of General Motors by producing long-range, mass market electric vehicles.
GM's Chevy Bolt has a 238-mile range and starts at $36,620. Tesla is also planning to begin shipping its $35,000 Model 3 sedan with an expected range of 215 miles at the end of this year.
Volvo has yet to announce what kind of electric vehicle it will release in 2019. The German automaker began wading into the electric vehicle space when it released a plug-in hybrid version of its XC90 SUV in August 2015. And by 2025, the company aims to have one million electrified vehicles on the road.
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- A 101-year-old woman keeps getting mistaken for a baby on flights and says it's because American Airlines' booking system can't handle her age
- The Role of AI in Journalism
- 10 incredible Indian destinations for family summer holidays in 2024
- 7 scenic Indian villages perfect for May escapes
- Paneer snacks you can prepare in 30 minutes
- Markets crash: Investors' wealth erodes by ₹2.25 lakh crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market