LONDON -- Volvo will exit the conventional compact hatchback segment when it ends production of the V40 in the summer.
The V40’s replacement will be higher-riding because increasing numbers of buyers are switching to SUV-styled cars, said Volvo’s Europe head, Lex Kerssemakers.
The extra height also will help to accommodate batteries needed to create a full- electric version, he told reporters at an event here.
“There are two trends in society that we have to include. First is that people want to sit high and second is that if you launch a car, it needs to facilitate an electric variant,” Kerssemakers said.
A low-seat compact car would not offer enough space to accommodate a big enough battery to give the required 300 km (186 miles) range, he said.
The V40 is the final model in Volvo’s range to be built on a legacy Ford platform. Ford sold Volvo to Geely in 2010.
The replacement will be built on the CMA platform Volvo co-developed with Geely that underpins the new XC40 compact SUV as well as Geely’s Lynk & CO cars.