Finance
Volvo Cars aims to tackle range anxiety with new mid-size electric SUV
Published by Global Banking & Finance Review®
Posted on January 8, 2026
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 8, 2026
2 min readLast updated: January 20, 2026
Volvo's new EX60 electric SUV offers up to 810 km range, addressing range anxiety. It recharges 340 km in 10 minutes, succeeding the XC60.
STOCKHOLM, Jan 8 (Reuters) - Volvo Cars' new electric mid-sized SUV, which launches later this month, will offer a driving range of up to 810 km (503 miles) on a single charge, the Swedish automaker said on Thursday, as it seeks to win over buyers sceptical of EVs.
Carmakers globally have struggled to accelerate electric vehicle (EV) adoption as consumers remain wary of limited charging infrastructure and the risk of running out of power on long journeys lead many to opt for plug-in hybrids instead.
The EX60 model's promised all-wheel-drive range exceeds the roughly 600 km typical of most mid-sized electric SUVs. Although some cars available in China, including Tesla's long-range Model Y and Zeekr 7X, produced by Volvo owner Geely, also advertise ranges above 800 km.
"We wanted to look at the challenges the customers face in order to own and use electric vehicles, and range anxiety is one of those key things that we wanted to tackle," Akhil Krishnan, the head of Volvo's EX60 program, told Reuters.
The company said the new model, set to launch globally, will be able to add up to 340 km of range in around 10 minutes of charging under optimal conditions, allowing drivers to recharge during a short stop.
The EX60, with full pricing and specifications to be unveiled on January 21, is the all-electric successor to Volvo's best-selling XC60 combustion engine car and the first to be built on the company's electric-only platform.
Volvo launched several EV models in recent years, but offtake has been hindered by issues affecting its smaller model EX30 and the full-size EX90, including software glitches, supply-chain constraints and tariff-related delays.
Volvo plans a recall to fix certain 2024–2026 EX30 Single Motor Extended Range and Twin Motor Performance vehicles, which in rare cases risk overheating that could, in a worst-case scenario, lead to a battery fire, it said.
(Reporting by Marie Mannes, editing by Terje Solsvik and Christian Schmollinger)
Range anxiety refers to the fear that an electric vehicle will run out of battery power before reaching its destination or a charging station.
An electric vehicle (EV) is a type of vehicle that is powered entirely or partially by electricity, using electric motors instead of traditional internal combustion engines.
All-wheel drive (AWD) is a drivetrain system that powers all four wheels of a vehicle simultaneously, improving traction and control, especially in adverse weather conditions.
A charging station is a location equipped with the necessary infrastructure to recharge electric vehicles, providing various types of charging options.
A mid-size SUV is a sport utility vehicle that is larger than a compact SUV but smaller than a full-size SUV, offering a balance of space, comfort, and performance.
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