Jul 5 2017
Volvo cars press conference announcing all cars will be electric from 2019
Volvo Announces ‘Historic End’ to Combustion Engine, All Cars Going Electric
Volvo Cars announced Wednesday that every car it launches from 2019 will have an electric motor, marking a “historic end” to the internal combustion engine. Volvo said it will launch five fully electric cars between 2019 and 2021. The rest of its fleet will comprise of plug-in hybrid cars and mild hybrid cars. The goal is to sell 1 million electric cars by 2025.
“This is a clear commitment towards reducing our carbon footprint as well as contributing to better air quality in our cities,” Håkan Samuelsson, president and chief executive, said. He then stated goals of selling 1 million electrified cars by 2025.
Volvo cars will have three levels of electrification.
- a mild hybrid with break energy which will increase efficiency.
- a plug in hybrid with a twin engine system
- a full electric car with no combustion engine
Level 1 and 2 will be available for all Volvo cars. Level 3 will have two models in Polestar brand and three will have the Volvo brand.
Diesel engines will still have a future but they it will become more expensive to fulfil the environmental demands. Probably will a gasoline engine be in favours in combination with an electric motor the company answered at the press conference.
The company will still produce older Volvos with pure combustion engines after 2019 as long as customer want them, but the latest model with only a combustion engine will be 2018. from 2019 all modell will at least partly be electrified.
“We have in some way changed our minds” Håkan Samuelsson said at the press briefing. It is clear that customer wants electric cars and the development of batteries is moving fast.
“This is about the customer,” Samuelsson said.
“People increasingly demand electrified cars and we want to respond to our customers’ current and future needs.”
The automaker is based in Sweden and have global presence and manufacturing in Sweden, Europe, China and USA. After a period as a Ford subsidiary it is now owned by China’s Geely Automobile Holdings.
Last year, the company had record sales of 534,332 cars in 100 countries, up more than 6 percent from 2015.
Volvo shares were up 1.4 percent at 146.7 kronor in midday trading Wednesday in Stockholm.
@This article is 2017-07-05 republished by business.conbio.info originally published by conbio.info 2017-07-05 and based on information in a press briefing and has been edited by Lennart Ljungblom. conbio.info is focusing on news that may have an impact on bioenergy business and also bioenergy news with impact on society and other relevant areas, on line since 2013.