The Swedish automaker believes the time to introduce electric cars into mainstream auto industry is here.
Volvo Car Group just released a press release announcing their plans regarding electric vehicles. According to Volvo they will be able to successfully introduce their electric car by 2019. Volvo will build plug-in hybrid vehicles across its entire product range.
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Similarly Volvo will also design a whole new line of small electric cars. The cars will be ready to enter the market by 2019. Volvo also believes they will be able to snag up 10 percent of global electric car sales by 2020.
Volvo Car Group President and CEO Håkan Samuelsson has released a statement. According to Samuelsson the time for electric cars to enter the mainstream car industry is here.
Håkan Samuelsson, President and CEO of Volvo Cars, said: “We believe that the time has come for electrified cars to cease being a niche technology and enter the mainstream. We are confident that by 2020, 10 per cent of Volvo’s global sales will be electrified cars.”
Volvo has already launched the twin-engine all-wheel plug-in hybrid version of the new XC90 SUV. The hybrid XC90 will have a pure electric range of about 26 miles. Volvo also plans to introduce plug-in hybrid versions of the S90 premium and 60 series.
The new line of small completely electric cars by Volvo will be called the 40 series cars. Although Volvo made an ambitious promise it did not reveal any other details. Details such as dates, prices and specifications are still unknown.
Volvo also claims to have carried out surveys on the demand of electric cars. Their research shows people tend to drive in the electric mode of the car 50 percent of the time. It means people are more open to environmentally friendly sources of fuel. The announcement by Volvo shows the auto industry is shifting their focus on electric cars as a whole.
“We have learned a lot about how people use cars with electrification thanks to our current product offer,” said Dr Peter Mertens, Senior Vice President for Research and Development.
“Our research has shown that people are driving our 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.”
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“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,” Dr Mertens added.