Among the factors customers choose the Tesla Model Y over the Volvo XC40, are the price and range. For those reasons, the Swedish EV SUV probably won’t take the Tesla Model Y’s spot as the segment topper.
The Volvo XC40 Recharge price for the USA is officially out – $53,990. Some customers may qualify for a federal tax credit of up to $7,500, lowering the price to $46,490. Further benefits, in select locations, may include state and local incentives. The Volvo XC40 Recharge for the American buyer is served in a single variant, while the Telsa Model 3 is available in two – the base variant ‘Long Range’ costs $49,990, while the top-end variant ‘Performance’ retails at $59,990. Potential savings can bring down the Tesla Model 3 prices to $43,690 in the Long Range variant and $53,690 in the Performance variant.
The Volvo XC40 Recharge range (EPA) for the U.S. market is a disappointing 208 miles. That’s far lower than the WLTP range of over 249 miles in Europe. However, knowing EPA’s conservative rating method, Volvo was expecting a lower number when it unveiled the model.
The electricity consumption of the Volvo XC40 Recharge according to EPA’s certification is much higher than that of Tesla Model Y. Even the most performance-focused Tesla Model Y with 21-inch wheels is noticeably more efficient. Below is the official Volvo XC40 Recharge vs. Tesla Model Y comparison pointing out the economy parameters:
Standard equipment in the US-spec Volvo XC40 Recharge includes Active Bending LED headlights, 19-inch alloy wheels, panoramic sunroof with power sunshade, 12.3-inch virtual instrument cluster, 9-inch touchscreen infotainment system, dual-zone auto AC, four USB-C ports and reverse camera. On the safety front, Blind Spot Information System with Steer Assist, Run-off Road Protection, Cross-Traffic Alert with Autobrake and several other features are standard. Many features are available as an option, either a single option or a package option, such as 360-degree camera, 13-speaker Harman Kardon premium sound system, Adaptive Cruise Control, heat pump, etc.
The Volvo XC40 Recharge is among the several upcoming electric cars in the US in the immediate future, The first Volvo electric car’s production started in Ghent, Belgium, this month. Deliveries of the Volvo XC40 electric in the USA will begin at the end of this year. While order books are open, the Swedish carmaker announced that every unit of the Volvo electric SUV due to be manufactured this calendar year has already found a buyer.
The Volvo electric car is announced to cost less then 48,000 USD after including the 7,500 USD federal EV tax credit. So expect the MSRP at 55,500 USD, which makes the Volvo XC40 Recharge a Tesla Model Y rival. For reference, the Model Y costs 49,990 USD for the Long Range model and 59,990 USD for the Performance variant.
Though the Volvo XC40 electric shares a lot in common with the XC40 compact SUV, engineers have reinforced the frontal structure to account for the absence of the engine, and the 78 kWh battery which lends its juice to twin electric motors, gets a separate roll cage to protect it during an incident of a roll-over.
The combined output of the Volvo XC40 electric is 304 kW (408 hp) and 487 lb.ft (660 Nm) of torque, which makes it smoke the 0-60 mph drag in 4.7 seconds and hit a top speed of 112 mph. For reference, the Tesla Model Y Long Range hits a top speed of 135 mph and its nought to 60 mph sprint time is 4.8 seconds. The Tesla Model Y Performance has a 155 mph top speed and a rather quick 0-60 mph acceleration time of 3.5 seconds.
While the Tesla might sport better figures in the range and performance column, the Volvo XC40 electric aims to one-up its rival by offering a premium interior experience with high quality switchgear and upholstery, and a more SUV-ish driving position. Sales of the gasoline XC40 saw a 75% uptick in September 2020 (Y-o-Y) indicating that the American consumer is clearly valuing these strengths of the compact SUV, and these highlights are mirrored on the electric XC40 too.
This is further bolstered by the fact that the Volvo XC40 Recharge is a semi-finalist for the 2021 North American Utility of the year. So clearly the Volvo electric car is packing a lot of heat, but whether or not it will dethrone the Model Y remains to be seen next year in the sales numbers. We think sales of the XC40 electric could be muted in its first year, but that could be owing to production constraints, however, in the long run, the Swedes could give the incumbent a run for its money.
The next 40 Series model is an XC40 electric based coupe, dubbed the Volvo C40 electric to launch in the second half of 2021. By 2025, electric cars will account for 50 per cent of Volvo global sales, and Recharge models like the XC40 and C40 should see to that.
What is the Volvo XC40 Recharge (electric) release date?
Deliveries of the Volvo XC40 electric will begin at the end of 2020.
Which SUVs would the Volvo XC40 Recharge challenge?
The Volvo XC40 electric will chiefly rival the Tesla Model Y.
What is the price of the Volvo XC40 Recharge?
The Volvo XC40 Recharge’s MSRP is USD 53,990 before federal EV tax credits.