Volvo has tightened the grip of future technology. It’s truly committed to not produce gas-only cars after 2018. But besides planning for the future, it’s also manufacturing cars for today.

The company has added another model to its SUV range: the XC40. It has adopted the technology and architecture from previous models, the XC60 and XC90, and combines them in a cheaper package. The XC40 will begin at $33,000 in the US. And it will be in the close competition with Tesla Model 3.

The comparison between Tesla and Volvo is closer than you might think. They both target a luxury segment, and Volvo is just as great at many of the things that put Tesla on the picture. There’s a large touchscreen to control in-car systems, a host of self-driving setups, and modern touches like built-in wireless charging for phones.

The self-driving setups include Pilot Assist, which is comparable to Tesla’s Autopilot; City Safety that assists with pedestrians and urban obstacles; and Cross Traffic Alert with autonomous braking, which should help limit things like the fatal Autopilot accident that took the life of the driver of a Tesla Model S.

The XC40 will bring a conventional gas or diesel engine at its unveiling, with gas-electric and EV models coming later.

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