The 2017 Chevrolet Bolt EV may have been fashionably early to the EV party, but guests will continue to filter in over the next few years. Next up on the guest list is likely Volvo, whose CEO recently imagined its own EV putting the Bolt EV square in its sights.
Automotive News reports the Swedish automaker will release its first battery electric vehicle in 2019 with an expected range of 250 and a price point hovering around $35,000 to $40,000.
“If I want to make a point in the United States, if I want to make volumes, that’s what I believe I need,” Volvo Car USA CEO, Lex Kerssemakers, said about the upcoming EV.
There’s still plenty of legwork to be done, according to the report. A platform must be chosen and Volvo is still considering the all-electric model as either a trim option for an existing or standalone vehicle.
The price range must keep within that sweet spot, too, with the $7,500 tax credits from the federal government potentially shaving the price down even further.
In the meantime, GM is working on churning out as many Bolt EVs as it can; the automaker will launch the Bolt EV nationwide by the end of this year.