technology
Volvo Debuts EX60 Electric SUV in U.S. Market
Volvo introduced its EX60 compact electric SUV in New York this week. The vehicle goes on sale later this summer starting at $59,795. It arrives as the company adjusts its electric vehicle strategy.
May 20, 1:30 PM·1m read1 source
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Volvo introduced the EX60 compact electric SUV in New York City this week. The company opened customer orders for deliveries scheduled to begin later this summer. The EX60 starts at $59,795. That price exceeds the gas-powered XC60 crossover, which has become Volvo's top-selling model, but remains below the plug-in hybrid XC60.
The EX60 offers an estimated 400 miles of range and reaches 10 to 80 percent charge in 18 minutes. Volvo plans to deliver major software updates every three months through over-the-air connections. Volvo CTO Anders Bell said the company rebuilt its development process around a software-defined architecture.
He stated that lessons from earlier electric models have been incorporated into the new vehicle.
The EX60 launches after the elimination of the $7,500 federal EV tax credit and amid broader policy changes affecting vehicle prices. Volvo CEO Håkan Samuelsson said the vehicle will succeed without relying on subsidies. Volvo previously planned to stop selling internal combustion vehicles by 2030 but has removed that target.
The company now plans to offer plug-in hybrids and extended-range electric vehicles. U.S. and Europe. He described the global market as splitting into separate regions centered on China and on Europe and North America. Volvo also announced that the EX60 will integrate Google's Gemini AI to interpret road signs and lane markings using external cameras.
5 million vehicles from model year 2020 onward.
