With a light and sound show in Kungsträdgården in Stockholm, the new model EX90 was presented to around 200 journalists from all over the world, the first Volvo car built for electric operation from the ground up.
The company's goal is to sell only electric cars by 2030.
The EX90 is meant to be followed by a new electric car model every year, and according to CEO Jim Rowan, the EX90 is "the first big step" towards that.
- It is a very important car for the company, says Jim Rowan to SVT.
Criticism of slowness
The new SUV has a price tag of 1.1 million kroner and has a range of 60 miles.
But it can be delivered in a year at the earliest, which is criticized by the Norwegian motoring journalist Tore Benediktsen.
- When customers receive it, it is outdated, that's how fast development goes, he says.
In the clip above, you can hear Jim Rowan respond to the criticism.
Lost bonus
Another cloud of worry came as recently as yesterday from a political side that took a completely different step - according to the critics, a serious step backwards - when it comes to the climate issue.
The previous climate bonus for electric cars, which meant a reduction of SEK 70,000 for car buyers, was most unexpectedly removed in the government's budget.
Björn Annwall, vice president and commercial manager at Volvo Cars, responds cautiously when TT asks about his thoughts on the announcement.
- Our long-term strategy is not based on subsidies.
Then we know that most governments want to favor electric cars over fossil cars, he says.