Volvo has revealed more details about the electric car it plans to launch in 2019.
ADVERTISEMENT
Volvo's first electric car is coming in 2019 with a $40,000 price tag
Volvo has said the electric car will have a range of 250 miles.
ADVERTISEMENT
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.
ADVERTISEMENT
Volvo has yet to announce what kind of electric vehicle it will release in 2019. The Swedish 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.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
China dethrones USA as the most influential global power in Africa: Report
Major African economies expecting inflation ease into next year, except Nigeria
10 African countries with the lowest price changes in household commodities
Dangote refinery outranks Europe's 10 largest refining facilities
Africa may just have the lowest level of cyber threats compared to other regions
A look into Kenya’s Shs1.1 billion climate funding from the UK
FCMB: A corporate journey of resilience, evolution, and growth
Congo is spending 22% of its scarce revenue on security - Minister