HELSINKI-Volvo plans to build only electric and hybrid vehicles starting in 2019, making it the first major automaker to abandon cars and sport-utility vehicles powered exclusively by the internal combustion engine. Today, Volvo Cars is one of the most well-known and respected vehicle brands in the world with sales of 503,127 in 2015 in about 100 countries.
If you want to know how much electricity is needed for your vehicle, there are websites such as fueleconomy.gov and Plug In America, which can be good starting points. Volvo also said it's aiming for its manufacturing operations to go carbon-neutral by 2025.
Volvo Cars will introduce a portfolio of electrified cars across its model range, embracing fully electric cars, plug-in hybrid cars and mild hybrid cars. Volvo said in the same week it will only sell electric and hybrid cars in 2019, and last month, Nissan's Global Director of EV, Kazuo Yajima, said that the next Leaf will have a range of over 200 miles.
The Volvo news does not signal the end of the internal combustion engine. "A large portion of United Kingdom residents don't have access to home charging", he explained.
It wasn't long ago that hybrid and electric cars seemed a futuristic novelty.
Volvo can expect to benefit from similar policy support, as its home markets - Sweden and China - are among the countries that give the most generous government incentives for electric auto manufacturers.
"This is about the customer", Volvo president and CEO Håkan Samuelsson said.
The Volkswagen Group is also betting on electric power in the wake of its diesel emissions scandal. Out of the 5 cars, 3 of them will be fully electric and remaining 2 will be high-end cars with the help of Polestar.
"Volvo is a specialised company, which appeals to a certain".
The global demand for EVs has surged, driven in part by China's Prime Minister Xi Jinping's call for a strategic initiative to drive up the production and adoption of hybrids and electric vehicles. Can this commitment spell success in the US though?
This move puts Volvo in competition with Tesla. "More high-volume mainstream brands will be a little slower". The result is several years of robust business for suppliers and technology companies.
It does not represent the end of fossil fuels for the brand.
Unlike plug-in hybrids which have an electric motor, internal combustion engine and batteries that can be charged from a plug point, mild hybrids don't have an electric motor and battery storage. Already there are 100 operational charging stations in locations such as hotels, shopping malls, and popular resorts, with Dubai pledging to offer charging stations for three different types of electrified vehicles before the start of Expo 2020, doubling the current number of the stations to 200.