It will effectively start at $47,485, after deducting the federal tax credit.

The all-electric Volvo XC40 Recharge P8 will be sold in the U.S. from $53,990, which after including the $995 in obligatory destination charges and deducting the $7,500 federal tax credit, will effectively turn into $47,485. Orders are already accepted.

Thanks to the federal tax credit, the price seems to be competitive. It's a few thousand below the entry-level Tesla Model Y ($51,190 in the case of LR AWD and $61,190 in the case of Performance).

Of course, the weak point is the EPA range number of 208 miles (335 km) using a 78 kWh battery, but in the real world, the range might turn out to be sufficient for many customers looking for this type of car.

Volvo XC40 Recharge
Volvo XC40 Recharge

The standard equipment includes a laminated panoramic sunroof with power sunshade, 19-inch alloy wheels, a 12.3-inch driver display and nine-inch tablet-like touchscreen, dual-zone automatic climate control with CleanZone technology, four USB-C ports and a rear park assist camera.

In terms of safety, Volvo included Blind Spot Information System (BLISTM) with Steer Assist, Cross Traffic Alert with Autobrake, Active Bending LED headlights, Run-off Road Protection.

There are also a few optional packages:

  • Climate Package ($750)
    heated windshield-wiper blades, heated rear seats and a heated steering wheel
  • Advanced Package ($1,300)
    high pressure headlight cleaning, Pilot Assist driver assistance system with Adaptive Cruise Control, 360-degree Surround View Camera, 12-volt power outlet in the luggage area and inductive (cordless) smartphone charging
  • Single options:
    • metallic paint ($645)
    • Lava carpet ($100)
    • 13-speaker Harman Kardon Premium Sound system ($800)
    • an energy-saving heat pump ($350) to precondition the cabin temperature and extend battery range
    • 20-inch five double-spoke Black Diamond Cut alloy wheels ($800)

If the range is an issue during colder weather, the $350 heat pump seems a must-have.

Volvo XC40 Recharge P8 in Europe
Volvo XC40 Recharge P8 in Europe

An additional announcement from Volvo is that access to a nationwide charging network (using a single account) will be provided by ChargePoint. The list of points include more than 115,000 points.

"Beyond its own network, ChargePoint has active roaming integrations with partners including EVgo, FLO, and Greenlots among others. This means a single ChargePoint account will give Volvo customers access to more than 80 percent of public AC and DC stations across the US and Canada today with additional access in the coming months."

Separately, Volvo customers will be offered to buy a ChargePoint Home Flex home charger at the time of purchase of the car.

Gallery: Volvo XC40 Recharge

Volvo XC40 Recharge P8 specs:

  • 208 miles (335 km) of EPA range
  • more than 400 km (249 miles) of WLTP range
  • 78 kWh battery pack (75 kWh usable, 400 V, 320 kW of power) (cells from LG Chem/CATL)
  • 0-100 km/h (62 mph) in 4.9 seconds (4.7 seconds to 60 mph)
  • dual motor all-wheel-drive
  • system output of 300 kW (408 hp) and 660 Nm (one 150 kW motor per axle)
  • DC fast charging 0-80% in 40 minutes (at up to 150 kW peak)
  • AC: 11 kW three-phase on-board charger (Europe)
  • weight of 2,150 to 2,250 kg (4,740-4,960 lbs) depending on version/equipment
  • cargo capacity of 413 liters + 31 in front trunk
  • maximum roof load: 165 pounds (75 kg) 
  • Towing capacity of up to 1,500 kg (3,307 lbs)
  • based on Compact Modular Architecture (CMA)