Volvo is one of the many companies that’s working on all-electric cars. In just a couple of years, there will be quite a few all-electric cars to choose from and the most important part is that they will be relatively affordable. Not everyone can buy a $100,000 Tesla after all. Volvo has said that its first all-electric car is going to be released in 2019 and that it’s going to have a price tag of $40,000.

The company has told Automotive News that its first electric car is going to have a range of 250 miles and that the price is going to start between $35,000 and $40,000.

Volvo hasn’t really provided any details about its first electric car so it’s not clear at this point in time whether it’s going to be a conventional sedan, a hatchback or a crossover. We’ll have to wait for a considerable amount of time, it seems before the company confirms this information.

It’s not like Volvo’s first electric car is going to have a clear road ahead of it when it does arrive. Competitors like GM’s $36,000 Chevrolet Bolt and Tesla’s $35,000 Model 3 will already be out by then so it’s going to have to try very hard if it wants to capture the attention of customers who are in the market for an all-electric car.

Filed in Transportation. Read more about electric cars and volvo.

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