[Mister Dave]

Volvo XC40 Electric Likely To Be Profitable If Priced At $50,000

While the Volvo XC40 seems like an appealing endeavor for customers, many have feared that the carmaker simply won’t turn a profit with this vehicle. After all, most of its direct competitors in the same range in the EV market are priced above it; for example, the Jaguar I-Pace starts at a whopping $69,500 MSRP – way above the current $38,495 MSRP for a Volvo XC40. However, as it was revealed earlier today that the Volvo XC40 EV – even at a relatively inexpensive price point – will be a clear money maker for the Swedish-Chinese car company.

Full story at Inside EVs.