Volvo reveals its future electric plans
SWEDISH car company, Volvo, has always been at the forefront of electric motor technology and is now ramping up that involvement with its first fully electric car expected to come to market in 2019.
Volvo will also introduce plug-in hybrids across its range starting in its 90 and 60 series based on the company's new Scalable Product Architecture and expects electrified vehicles to account for up to 10 per cent of total car sales in the medium term.
Australia will see the manufacturer's commitment to this ambitious project early next year launch of the T8 Twin Engine All-Wheel Drive plug-in hybrid version of the new XC90 SUV. It will continue with plug-in hybrid versions of the new S90 premium sedan and other forthcoming models.
Volvo will also widen its product offering with the introduction of a new range of smaller 40 series cars based on its newly-developed Compact Modular Architecture which, like SPA, has been designed from the outset for electrification.
This means that all future Volvo cars will be built on just two fully scalable and wholly modular vehicle architectures. The simultaneous development of SPA and CMA has formed the cornerstone of Volvo's product renewal and growth strategy, which involves the replacement of every single car in its line-up in the next four years, and an annual sales volume of up 800,000 cars.
"We have learned a lot about how people use cars with electrification," said Kevin McCann, Managing Director of Volvo Car Australia.
"Our research has shown that people are driving Volvo's Twin Engine cars in electric mode around 50 per cent of the time, meaning our plug-in hybrids already offer a real alternative to conventional powertrain systems.
"With around 40 years of experience in the field of electrification, Volvo Cars has learned a lot about battery management along the way, delivering the best range per kilowatt hour in the industry.
"We have come to a point where the cost versus benefit calculation for electrification is now almost positive. Battery technology has improved, costs are going down, and public acceptance of electrification is no longer a question."