Volvo is one of several major automakers that have announced electrification plans in 2021. The Swedish automaker stated a goal of converting 50 percent of its global sales to fully electric cars by 2025. 

The first dedicated EV to come from this effort is the C40 Recharge, a compact crossover. This week, Volvo announced pricing for the vehicle, which will start at just under $60,000.

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