The 2024 Volvo EX90 is set to make waves as Volvo’s new flagship electric vehicle, and the company is optimistic about its potential. Positioned as a top contender for EV of the year, the EX90 combines cutting-edge technology with a design focused on safety and performance. What makes this EV particularly compelling is not just its innovative features but also its price point, which Volvo is working to keep attractive for buyers.
Pricing and Federal Tax Credits
Volvo has yet to disclose the exact price for the EX90, but it is expected to start below $80,000 according to industry sources. The key to its affordability lies in optimizing for federal tax credits, which are crucial for making the EV more accessible. By aligning with the requirements of the Inflation Reduction Act, Volvo aims to qualify the EX90 for the full $7,500 federal tax credit, although details on the battery’s origin are still under wraps.
Performance and Safety Features
The Volvo EX90 boasts an impressive estimated range of up to 300 miles, powered by a robust 111 kWh battery delivering around 496 horsepower. Its all-wheel-drive system, complemented by advanced safety technology, is designed to set new standards in vehicle protection. Equipped with eight cameras, five radars, and lidar, the EX90’s safety features are engineered to significantly reduce the risk of accidents, aiming to cut injuries and fatalities by up to 20%.
Manufacturing and Market Impact
Far from replacing the XC90, the EX90 will stand as a new chapter for Volvo, built at their state-of-the-art assembly plant in Ridgeville, South Carolina. This new plant is expected to produce about 60,000 units next year, with a significant portion allocated to early buyers. Volvo’s ambitious plans for the EX90 underscore their confidence in its success and the growing demand for high-quality electric vehicles.