Volvo planning all-electric model between XC60 and XC90

Volvo is set to produce its first American-made electric vehicle from 2025, according to overseas reports.

As uncovered by Automotive News Europe, a Volvo EV which fits between the XC60 and XC90 SUVs is expected to go into production in the early stages of 2025, rolling down the Ridgeville, South Carolina line, which is home to the current S60 and next-generation XC90.

Speaking with company insiders, it's understood the new model will ride on a dedicated EV platform which hasn't yet entered production, although it's likely to share some components with the Polestar 3 which is set to be built in the same factory.

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Codenamed V546 internally, the new crossover model could be one of the first Volvo vehicles to adopt its new naming structure, doing away with alphanumeric names starting with the Embla, a replacement of the next-gen XC90.

Future Volvo products are expected to gain a wide range of technology not seen before from the Swedish manufacturer, confirming last year its upcoming models would be equipped with the Ride Pilot autonomous system for a subscription fee.

As of 2022, Volvo only offers a sole fully-electric vehicle in the Australian market, the $76,990 XC40 Pure Electric, although it will bring a single-motor grade to local shores this year, starting at $72,990 before on-road costs while the dual-motor variant will jump to $79,990.