Volvo reveals $58,400 starting price for the EX60

Key points

• Between the Rivian R2, BMW iX3 and the Volvo EX60, there's a bunch of appealing electric SUVs scheduled to hit the market soon.
• And now, Volvo is revealing official pricing for its upcoming family EV, which starts at $58,400. While that price might seem a bit high considering it's pretty much the same as a fully loaded R2 with Rivian's top-spec Performance trim ($57,990), it's not a far cry from the average cost of a new car in the US, which stands at right around $50,000. Furthermore, even a base EX60 P6 Plus packs solid specs such as an estimated range of 307 miles from a 83kWh power pack;
• a 10 to 80 percent charging time of 16 minutes at up to 320kW;
• and 374 horsepower from its single motor rear-wheel drive configuration.
• That's enough oomph to provide a 0 to 100 km/h time of 5.9 seconds.