Volvo on Wednesday introduced United States pricing for the XC40 Recharge electrical crossover—its first mass-market electrical automobile.

The XC40 Recharge will begin at $54,895 (together with a compulsory vacation spot cost), however will qualify for the complete $7,500 federal tax credit score, and presumably state and native incentives as nicely, relying on the place you reside.

With the $7,500 federal EV tax credit score, that can enable the Recharge to undercut the Tesla Mannequin Y—though it relies on your particular person tax scenario.

Commonplace tools features a panoramic sunroof, 9.0-inch portrait-oriented infotainment touchscreen, 19-inch wheels, and a bunch of driver aids, together with automated emergency braking, blind-spot monitoring, and cross-traffic alert. A cellular cost connector can also be supplied, permitting drivers to cost at 240V on the go, if it is out there.

Volvo’s Pilot Help driver-assistance system is on the market as a part of a $1,300 Superior Package deal, together with wi-fi telephone charging. A Local weather Package deal ($750) contains heated windshield wiper blades, heated rear seats, and a heated steering wheel.

Particular person choices embody a warmth pump ($350), 13-speaker Harman Kardon audio system ($800), 20-inch wheels ($800), and metallic paint ($645).

2021 Volvo XC40 Recharge goes into production

2021 Volvo XC40 Recharge goes into manufacturing

The Recharge is intently associated to the Polestar 2, sharing that automobile’s Compact Modular Structure (CMA) platform and Android-based infotainment system.

At launch, the Volvo will get a dual-motor all-wheel drive powertrain, with one motor powering every axle and a 78-kilowatt-hour battery pack. Mixed output from the 2 motors is 402 horsepower and 486 pound-feet of torque.

The Recharge was just lately rated at 208 miles of range in line with the EPA—though Polestar has already demonstrated in impartial testing it employed out that it does higher in real-world vary.

Production began earlier this month, with Volvo telling Inexperienced Automobile Experiences that U.S. deliveries probably would not start in January 2021. Nevertheless, a press launch from the automaker saying pricing mentioned the Recharge “arrives in showrooms nationwide later this yr.”

When it does arrive in U.S. dealerships, the XC40 would be the sole all-electric Volvo mannequin, albeit in a lineup filled with plug-in hybrids.

Volvo has already lowered costs on its plug-in hybrid models to lift its portion of plug-in automobiles within the U.S. market.