Volvo Will Only Sell Electrical Cars Commencing In 2019
Tho’ Tesla may be the big name of electrified cars, just about every car maker in the world is hopping on the all-electric or hybrid vehicle bandwagon. In fact, in just two years, Volvo plans for every one of its vehicles produced to be electrified. That’s good news for the environment, and gives other car makers the thrust needed to do the same.
Electrical cars have only continued to improve, as have their efficiencies. For example, while traditional cars running on an internal combustion engine have a 30% efficiency rate, the remaining is lost to warmth, sound, and energy. Meantime, vehicles that run on tens unit have an 80% efficiency rate, thanks to the electrified motor’s advantage over the internal combustion engine.
Bloomberg Fresh Energy Finance even sets people’s concerns over price point to rest, with predictions that electrified cars will be as cost effective as traditional vehicles by 2022. The hard looked at the price per barrel of oil, assuming it would be inbetween $50-$70 a barrel. By 2040, electrified cars are expected to make up 35% of the transportation market.
The environmental benefits, along with the clear economy, of such cars, make it difficult to argue that a future with electrified cars in the front seat is anything but positive. Volvo agrees, having announced their plan to make the utter switch in 2019, calling for every model sold to have some sort of electrification, whether it be a mild-hybrid system, a plug-in hybrid, or a fully-electric powertrain.
“This is about the customer,” said Håkan Samuelsson, president and chief executive of Volvo Cars. “People increasingly request electrified cars and we want to react to our customers’ current and future needs. You can now pick and choose whichever electrified Volvo you wish.”
Volvo also recently announced that its Polestar brand will transition to a standalone high-performance EV brand. Volvo’s fresh lineup of electrified vehicles will vary in model, providing fully electrical cars, plug-in hybrids cars, and 48-volt mild-hybrid cars. The Swedish car giant plans to launch five electrical cars inbetween two thousand nineteen and 2021, “three of which will be Volvo models and two of which will be high spectacle electrified cars from Polestar, Volvo Cars’ spectacle car arm,” it wrote in its announcement.
While Volvo presently has plug-in hybrid versions of models like the XC90 and S90, no fully-electric models exist in its lineup.
“This announcement marks the end of the solely combustion engine-powered car,” said Samuelsson. “Volvo Cars has stated that it plans to have sold a total of 1m electrified cars by 2025. When we said it we meant it. This is how we are going to do it.”
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