Volvo’s First All-Electric Vehicle

Electric vehicle (EV) technology has come an immensely long way since its initial introduction in 1827. As a result of the urgency to find more environmentally-friendly vehicle solutions, there has been a race between automotive manufacturers to develop more efficient EV technologies. The new Volvo XC40 Recharge is a pure EV that was recently unveiled at a 2019 Los Angles auto show. The XC40 is a model that is currently in production among Volvo’s lineup of vehicles, but the Recharge is an EV trim level of the XC40.

Power
The Volvo XC40 Recharge will be powered by a 78 kWh battery pack that sits underneath the passenger side of the SUV. The dual-motor setup of the XC40 Recharge will produce a total of 402 horsepower and 486 pound-feet of torque. Volvo has estimated that a dead XC40 battery pack can be recharged to 80% of its power in around 40 minutes. This rapid-charge will require a DC fast-charging port.

Tech Features
The Volvo XC40 Recharge will be home to an Android Automotive operating system (OS) and will allow updates to the system to be completed wirelessly. Much like Tesla, Volvo is expecting to offer routine updates to their XC40 Recharge models. These updates will allow the models to retain optimal performance while reducing any bugs in the operating systems.

In order to read the full article, written by Robert Taurosa, make sure to click the link.

Volvo’s First All-Electric Vehicle

What Is A Car Subscription Service?

Purchasing a car is one of the largest decisions a person can make. Humans rely heavily on cars to get them from point A to point B and everywhere in between. You’ll likely be spending several years with your vehicle, which makes it a very important investment as much as it is a simple purchase. Traditionally, in order to purchase a vehicle, you had two options: purchase it outright or pay for it in installments through a lease. But this is 2018, and we do things differently now.

In the last few months or so, several of the world’s most revered and successful car companies have revealed their newest plans for customers to purchase the latest and greatest models: subscription services. While each individual company’s service is slightly different, overall, they work on the same principle. In essence, customers pay a monthly fee in order to rent out the vehicles.

Cadillac’s subscription service, dubbed “Cadillac Book,” works very similar to Spotify or Netflix: you pay a monthly fee of $1,500 for the ability to rent out a car, but you never own it. For the acute observer, you will notice that, with that rate, you will likely wind up paying more for the car through Book than through a traditional financing payment plan, however, with Book, users are not responsible for insurance or maintenance costs on the device. Additionally, users can switch out cars whenever they desire, through the use of the mobile application.

Volvo’s version, dubbed Volvo Care, offers a slightly different service. With Care, subscribers pay a flat rate to lease a car (ranging from $600 to $700 per month) which includes insurance, maintenance, wear and tear, and no money down. At the moment, the Care program can only be used with the XC40 Momentum (from $600/month) and the R-Design (from $700/month).

Now, BMW is looking to get in on the subscription service action with their own spin on it. According to multiple reports, the service will be tested in Nashville, Tennessee to ensure its scalability.

Could these new subscription services be the way of the future? Will our grandchildren only know of leasing out a car through a subscription service? Although it is far too soon to call, it is most certainly a possibility.

What Is A Car Subscription Service?