The automaker will offer an all-electric vehicle by 2019 that CEO Lex Kerssemakers said will have a range of ‘at least’ 250 miles and cost between US $35,000 and $40,000. He told reporters at the recent Geneva Auto Show in Switzerland that those numbers would put the Volvo EV ‘in the neighborhood’ of the Chevrolet Bolt EV and the upcoming Tesla Model 3, according to a report in industry news outlet Automotive News. The price and range are prerequisites for U.S. sales, said Kerssemakers. “If I want to make a point in the United States, if I want to make volumes, that’s what I believe I need.” He didn’t say what form the vehicle will take, though earlier reports suggested a compact utility vehicle.

It will take Volvo until 2019 to come up with an electric vehicle with a projected range that matches that of the Chevrolet Bolt. (ILLUSTRATION: VOLVO)

Volvo commits to electric-car development: