BEACON TRANSCRIPT – On Wednesday, the Swedish carmaker Volvo, which is now Chinese-owned, announced that every car it would produce starting 2019 would come with an electric motor. This sounds like serious competition for Tesla and other manufacturers of electric and hybrid cars.
If you are a Volvo fan but think you cannot afford an electric car, know that the company is not planning to make all cars purely electric. In fact, the offer will consist of a series of “mild” hybrids, some plug-in hybrids and, in the end, only some cars will be completely electric.
Volvo wants to release both hybrids and purely electric cars
In fact, there are already some hybrid cars available in the distribution, but the release of the electric vehicles would be a premiere. They made this announcement for the first time in March 2017, but it won’t go on the market until 2019.
The plan is, in fact, more extensive that it was announced in March. The company extended to a much larger line of vehicles consisting of five purely electric cars, which will gradually come into being from 2019 to 2021. However, only three of these vehicles will come under the name Volvo.
The other two are presented as “high performance electrified cars”, and will not hit the market as Volvos. Instead, what will appear on them will be Polestar, the name of the performance brand powered by Volvo. Unfortunately, the company didn’t reveal any other details.
The company has big plans for the future
Håkan Samuelsson, the CEO of Volvo, said this was the end of the combustion engine cars in the company, and is planning to have around 1 million electric vehicles sold by 2025. This might sound impressive, but is actually less daring than Tesla’s plans, which imply reaching the million in 2020.
Volvo is on a roll of bringing innovation to its cars. Besides electrification, the company is currently testing a line of self-driving cars, and wants to launch them on the market in 2021 as well.
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