Energy Efficiency, Industrial, Sourcing Renewables - June 26, 2018
Volvo to electrify all models by 2019
Volvo announced that by 2019 all of its models will be available in the U.S. with either hybrid, plug-in hybrid, or battery electric options. Further, the company said that all-electric cars will account for half of its sales by 2025.
A report in Green Car Reports noted, “Although Volvo's model range is relatively small compared to other luxury and mainstream automakers, nearly every segment is covered: crossover, sedan, full-size, mid-size, compact, and wagon.”
Beyond cars, the report said, the launch of the company’s Polestar brand last year added electrified powertrains to Volvo’s performance portfolio. "The idea of the Polestar brand is to actually base our work on (electrification)," said Thomas Ingenlath, CEO of Polestar. "When we go into electrification of the (small and large-car platform) technology, that's a base for us to build our cars on it."
Ingenlath added that Polestar would be an electrified Tesla and Porsche competitor in the future, not a competitor to in-house tuners such as Mercedes-Benz's AMG or BMW's M-Series, as it once was.
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