Volvo's first all-electric car is charged up and ready to go

Say hello to the Volvo XC40 Recharge.

The luxury crossover SUV was unveiled in Los Angeles Wednesday as the Swedish-but-Chinese-owned carmaker's first all-electric car. The XC40 was first revealed as an internal combustion engine vehicle in 2017, and it's the first car to be transformed for Volvo's new Recharge line. Sales are supposed to begin later this year in the U.S. Pre-orders are open now with a $1,000 deposit.

Volvo pledged to make half of its cars all-electric by 2025 but hadn't offered any electric options outside of plug-in hybrid versions until now. As part of its ambitious electrification plans, every Volvo model will have a Recharge option. That means any Volvo model, from the XC90 that Uber uses for its self-driving cars to its 60 series sedans, can become a plug-in electric car or hybrid. A new electric model will come out every year through 2025 to hit the company's electric goals. Read more...