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Hot August EV Deals: Volvo C40, Solterra, Ioniq 5, EV6, more

The latest new vehicle transaction report from KBB indicates that electric vehicle supply is still high, hovering at around 100 days, despite the average transaction price of an EV declining all summer long to a year-to-date low of $53,469. Legacy automakers continue to react by tweaking their incentives, and now we’re finding some of the best EV lease deals we’ve seen in a while.

Below are some of the best deals we found while updating our Electric Vehicle Price Guide and Electric Vehicle Lease Guide.

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Volvo’s latest OTA update will maximize EV range using new Range Assistant app

Volvo Range

Swedish automaker Volvo is rolling out its latest over-the-air (OTA) software update to its all-electric vehicles to help improve range and efficiency in multiple ways. This includes smart battery management, a preconditioning timer, and a new Range Assistant app to offer drivers advice and assistance in achieving max battery efficiency. Volvo Cars Subsidiary Polestar is rolling out a similar OTA update to its EVs, including the Range Assistant app.

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Volvo goes leather-free in all its EVs as part of new sustainability report

Volvo leather

Following a recent report outlining the future of sustainable luxury materials, Volvo Cars has committed to outfitting all of its upcoming electric vehicles with leather-free materials. This ethical stance by the legacy automaker comes from an aspiration to promote animal welfare and sustainability, by using recycled materials that remain high-quality.

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Next year’s all-electric Volvo XC90 will come standard with Lidar

Volvo XC90 Lidar

Volvo has announced that its forthcoming XC90 electric SUV will reach consumers in 2022 with Lidar as a standard safety feature for all models. With the state-of-the-art Lidar sensors developed by Luminar, Volvo hopes to set a new standard in automobile safety. Volvo also plans to include other safety features to avoid future collisions, as well as pave the way for potential autonomous driving capabilities.

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