September 5, 2018—Mercedes-Benz on Tuesday unveiled the EQC, its first entry into the all-electric luxury vehicle market, reported the Los Angeles Times.

 It joins Jaguar’s new I-Pace all-electric SUV, due in U.S. showrooms this fall. Audi and Porsche will begin selling luxury all-electrics in 2019, according to the report.

The Mercedes-Benz EQC, shown in Stockholm, is due to hit U.S. showrooms in 2020 and would qualify for the full $7,500 credit if the program remains intact.

The company didn’t reveal the price tag but said the SUV will have a range of 200 miles—well below that of most Tesla vehicles—with an 80-kWh battery and a motor on each axle capable of 402 horsepower, reported Los Angeles Times.

The SUV is the first in a line of all-electric Mercedes passenger vehicles. Chief Executive Dieter Zetsche said the company is investing about $12 billion on an expanding EQ line.