Volvo has revealed the prices for its entire 2024 lineup, introducing electrifying enhancements to its popular C40 and XC40 Recharge electric models. For the first time in a quarter-century, Volvo is making a significant stride by offering a rear-wheel drive variant in the United States, alongside other notable improvements.
The Swedish automaker has heeded the most pressing demands from its customers – increased range and expedited charging times. This significant leap forward comes with the introduction of all-new, in-house developed electric powertrain options.
Volvo's freshly minted Single Motor Extended Range C40 Recharge and XC40 Recharge come equipped with a potent 248-horsepower electric motor. The 2024 C40 and XC40 Recharge models, featuring an enhanced electric motor and a higher-energy-density battery, can now achieve up to 297 and 293 miles of range according to EPA estimates, respectively.
One of the standout upgrades is the incorporation of an 82 kWh battery pack, which translates to swifter charging capabilities. Owners can now recharge their vehicles from 10% to 80% in just approximately 28 minutes, thanks to the impressive 200 kW DC charging power.
Furthermore, the updated Twin Motor AWD variant boasts increased range, with a brand-new 255-horsepower electric motor powering the rear, complemented by a 147-horsepower electric motor on the front axle. The XC40 Recharge Twin Motor AWD, in particular, now offers an extended range of up to 254 miles, an impressive 30 miles more than its predecessor. Meanwhile, the C40 Recharge Twin Motor model has seen a boost in range, reaching up to 257 miles, compared to the previous 226 miles.
Enhanced exterior design is also playing a pivotal role in improving efficiency. The addition of new 19-inch alloy wheels not only enhances the vehicle's aesthetics but also reduces drag, contributing to improved overall performance.
On Friday, Volvo officially unveiled the updated pricing for its C40 and XC40 Recharge EVs, in addition to the entire 2024 model year lineup. The XC40 Recharge will be available starting at $52,540, while the C40 Recharge has an MSRP of $53,600. Higher-end trims fall within the range of $55,000 to $60,000.
Volvo is set to introduce a variety of new all-electric models to its lineup. The automaker is planning to launch three new EVs, including a three-row EX90, an entry-level EX30, and its very first electric minivan, the EM90.
Notably, Volvo was among the earliest legacy automakers to commit to a full-electric future by 2030. Their ambitious goal includes achieving a 50% share of EV sales by 2025, ultimately working towards becoming an all-electric brand.