Volvo launched its EV offensive last year with the debut of a battery-powered version of its XC40 compact crossover. As of this July, the brand's electrified Recharge models represented 20 percent of its U.S. sales.
EV sales are likely to go still higher with the arrival of a battery-powered flagship crossover similar to the XC90. That new vehicle will be revealed next year, with production expected to begin at Volvo's assembly plant in Ridgeville, S.C., by early 2023.
Elsewhere in the lineup, the automaker will trim its V60 and V90 long-roof lineups next year as a result of the market's waning enthusiasm for wagons.
S60: Volvo's entry-level sedan will see a freshen in the second half of 2022 and receive a mild-hybrid powertrain as standard equipment.
V60: Starting next year, Volvo will abandon the gasoline version of its standard compact wagon.
Volvo will continue to offer the higher-riding V60 Cross Country variant, which is available with a 2.0-liter turbo-four that delivers 250 hp and 258 pound-feet of torque. Also available is a plug-in hybrid variant that combines a supercharged and turbocharged gasoline engine with an electric motor, for a combined 415 hp.
S90: The flagship sedan was freshened last summer, receiving updates to the front and rear fascia and additional safety features as standard equipment. A redesign is expected in 2023.
V90: As with the V60, Volvo will offer only the raised V90 Cross Country large wagon starting next year. That model features a 2.0-liter turbo-four that pumps out 316 hp and 295 pound-feet of torque.