Better late than never, Volvo is finally embracing full electrification. Revealed last year, the Volvo XC40 Recharge represents the Swedish automaker's first-ever fully electric model, so it's a very important launch. It's the first of many electric models that will be part of Volvo's new Recharged lineup, with the aim to have all-electric cars make up 50 percent of the company's global sales by 2025. Hybrid models will make up the remaining 50 percent.



Since the all-electric XC40 was unveiled in October last year, Volvo has received "keen interest" from "tens of thousands" of customers and "thousands of firm orders," which is impressive considering that sales hadn't even started.