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Volvo: First EV Will Have 250+ Mile Range, Price Of $40,000 Or Less

•, by Mark Kane

However, the Swedish brand is also setting the bar high for its first EVs abilities, while maintaining relatively affordable price:

at least 250 miles (400 km)

price between $35,000 and $40,000

Lex Kerssemakers, CEO of Volvo Car USA said:

"That's what I put in as the prerequisite for the United States. If I want to make a point in the United States, if I want to make volumes, that's what I believe I need."

"Why are people reluctant to buy a full electric car? It's between the ears. It's that they believe there's not sufficient range."

Still, we still don't know whether Volvo will launch an all-new BEV model, or will offer all-electric version of existing model.

That said, if it comes in under $40k for 250 miles of real-world (EPA) miles we will be impressed regardless the platform.

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