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Volvo Is Very first Automaker to Suggest Electrified or Hybrid Only – NBC News
Volvo Is Very first Automaker to Suggest Electrified or Hybrid Only
by Paul A. Eisenstein
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Volvo is going all-electric by 2019.
The automaker announced Wednesday that all future models will use some form of electrified propulsion, whether in hybrid form with a gas engine or all-battery models. The company says it hopes to become the very first traditional carmaker to produce no vehicles based solely on internal combustion engines.
Luxury automakers in general have been announcing major electric-vehicle plans in latest months. BMW will expose an all-electric version of its 3-Series sedan at the upcoming Frankfurt Motor Demonstrate. Mercedes-Benz is planning a fresh battery-car brand, Mercedes-EQ; and its parent, Daimler AG, on Wednesday announced plans to invest more than $700 million to build battery cars in China.
Volvo, based in Sweden but wielded by a Chinese holding company, had previously announced plans to sell one million electrified vehicles by 2025, “and this is how we are going to do it,” said Volvo Cars CEO Hakan Samuelsson.
Volvo’s Emphasis: Safety and the Environment
The automaker has long been known for its concentrate on safety, but it has been putting enhancing emphasis on the environment in latest years. Where luxury brands have traditionally relied on powerful V-8 engines for their most powerful and prestigious models, Volvo had already switched to a powertrain line-up with only four-cylinder engines. And with the two thousand sixteen launch of its flagship XC90 SUV, its top-line version was powered by the plug-in hybrid T8 “Twin Engine.”
The transition to an all “electrified” line-up will begin with three fresh mainstream products set to roll out inbetween two thousand nineteen and 2021. The finish transformation will likely open up into the middle of the coming decade. Volvo isn’t telling what share of future products will be conventional hybrids, plug-ins or unspoiled battery offerings, but the carmaker has already found stronger request for the T8 Twin Engine than it had originally expected.
For the moment, Volvo’s strategy might seem risky, especially in the U.S., where sales of all forms of electrified vehicles slipped last year, in part due to the low cost of gasoline. But industry analysts say several factors are driving the company’s decision.
“We expect that the decision is also largely driven by CO-2 regulations,” Evercore ISI analyst Arndt Ellinghorst told investors on Wednesday.
Harsh fresh emissions and mileage mandates are being put in place in most of the world’s key automotive markets. And even however President Donald Trump has ordered the EPA to reconsider Obama-era standards, which mandate a hop to a 54.Five mile-per-gallon target by 2025, a number of automakers have said they won’t back off on their own efficiency efforts even if the rules are spinned back.
Onslaught on Batteries
Industry analysts also are betting that the declining cost of batteries — along with improved vehicle range — will embark to win over consumers. Tesla, for one, expects to boost sales to 500,000 in two thousand eighteen with the launch of its fresh, mainstream-priced Model Trio. That would be a harshly six hundred percent leap over the company’s two thousand sixteen numbers.
A broad range of fresh players will skin out the electric-vehicle market, particularly in the premium sector, in the coming years. Along with Tesla, California-based and Chinese-funded Faraday Future hopes to vie for luxury buyers, as does Lucid Motors, LeEco and other start-ups.
Traditional upscale manufacturers, such as Volvo, aren’t content to cede ground to those fresh entrants. Virtually every luxury brand has so far committed to adding plug-based models, ranging from Audi to Lamborghini and even Porsche and Aston Martin, two brands best known for their high-performance gasoline sports cars.
In addition to its upcoming electrical 3-Series, BMW already has the i3 city car and the i8 plug-in hybrid sports car. Daimler is launching its own electrified sub-brand, Mercedes-EQ, which will have at least ten battery-electric offerings by 2022.
For its part, Volvo will be the very first broad luxury brand to announce plans to electrify all its products, however. And it will assist the rest of the brands wielded by Chinese parent Zhejian Geely to go electrified.
That includes the Chinese-based Geely brand, as well as the fresh Lynk & Co. which debuted a production version of its one SUV model at the Shanghai Motor Display in April. The one will suggest a utter battery-electric version, as well as a plug-in hybrid, and those could be used by Lynk & Co in its bid to inject the U.S. market by 2019.
Going forward, Volvo will produce electrified products in Europe, China and in the fresh plant it is presently erecting in South Carolina. All told, Volvo itself expects to be selling one million electrified vehicles annually by 2025. That would almost dual the 534,332 vehicles the company sold worldwide in two thousand sixteen using all of its various engine options.
Volvo Is Very first Automaker to Suggest Electrified or Hybrid Only – NBC News
Volvo Is Very first Automaker to Suggest Electrified or Hybrid Only
by Paul A. Eisenstein
- Share
- Share
- Tweet
Volvo is going all-electric by 2019.
The automaker announced Wednesday that all future models will use some form of electrified propulsion, whether in hybrid form with a gas engine or all-battery models. The company says it hopes to become the very first traditional carmaker to produce no vehicles based solely on internal combustion engines.
Luxury automakers in general have been announcing major electric-vehicle plans in latest months. BMW will expose an all-electric version of its 3-Series sedan at the upcoming Frankfurt Motor Demonstrate. Mercedes-Benz is planning a fresh battery-car brand, Mercedes-EQ; and its parent, Daimler AG, on Wednesday announced plans to invest more than $700 million to build battery cars in China.
Volvo, based in Sweden but possessed by a Chinese holding company, had previously announced plans to sell one million electrified vehicles by 2025, “and this is how we are going to do it,” said Volvo Cars CEO Hakan Samuelsson.
Volvo’s Emphasis: Safety and the Environment
The automaker has long been known for its concentrate on safety, but it has been putting enhancing emphasis on the environment in latest years. Where luxury brands have traditionally relied on powerful V-8 engines for their most powerful and prestigious models, Volvo had already switched to a powertrain line-up with only four-cylinder engines. And with the two thousand sixteen launch of its flagship XC90 SUV, its top-line version was powered by the plug-in hybrid T8 “Twin Engine.”
The transition to an all “electrified” line-up will begin with three fresh mainstream products set to roll out inbetween two thousand nineteen and 2021. The accomplish transformation will likely open up into the middle of the coming decade. Volvo isn’t telling what share of future products will be conventional hybrids, plug-ins or unspoiled battery offerings, but the carmaker has already found stronger request for the T8 Twin Engine than it had originally expected.
For the moment, Volvo’s strategy might seem risky, especially in the U.S., where sales of all forms of electrified vehicles slipped last year, in part due to the low cost of gasoline. But industry analysts say several factors are driving the company’s decision.
“We expect that the decision is also largely driven by CO-2 regulations,” Evercore ISI analyst Arndt Ellinghorst told investors on Wednesday.
Raunchy fresh emissions and mileage mandates are being put in place in most of the world’s key automotive markets. And even tho’ President Donald Trump has ordered the EPA to reconsider Obama-era standards, which mandate a leap to a 54.Five mile-per-gallon target by 2025, a number of automakers have said they won’t back off on their own efficiency efforts even if the rules are flipped back.
Onslaught on Batteries
Industry analysts also are betting that the declining cost of batteries — along with improved vehicle range — will begin to win over consumers. Tesla, for one, expects to boost sales to 500,000 in two thousand eighteen with the launch of its fresh, mainstream-priced Model Three. That would be a toughly six hundred percent hop over the company’s two thousand sixteen numbers.
A broad range of fresh players will skin out the electric-vehicle market, particularly in the premium sector, in the coming years. Along with Tesla, California-based and Chinese-funded Faraday Future hopes to vie for luxury buyers, as does Lucid Motors, LeEco and other start-ups.
Traditional upscale manufacturers, such as Volvo, aren’t content to cede ground to those fresh entrants. Virtually every luxury brand has so far committed to adding plug-based models, ranging from Audi to Lamborghini and even Porsche and Aston Martin, two brands best known for their high-performance gasoline sports cars.
In addition to its upcoming electrical 3-Series, BMW already has the i3 city car and the i8 plug-in hybrid sports car. Daimler is launching its own electrified sub-brand, Mercedes-EQ, which will have at least ten battery-electric offerings by 2022.
For its part, Volvo will be the very first broad luxury brand to announce plans to electrify all its products, however. And it will assist the rest of the brands wielded by Chinese parent Zhejian Geely to go electrical.
That includes the Chinese-based Geely brand, as well as the fresh Lynk & Co. which debuted a production version of its one SUV model at the Shanghai Motor Display in April. The one will suggest a utter battery-electric version, as well as a plug-in hybrid, and those could be used by Lynk & Co in its bid to inject the U.S. market by 2019.
Going forward, Volvo will produce electrified products in Europe, China and in the fresh plant it is presently erecting in South Carolina. All told, Volvo itself expects to be selling one million electrified vehicles annually by 2025. That would almost dual the 534,332 vehicles the company sold worldwide in two thousand sixteen using all of its various engine options.
Volvo Is Very first Automaker to Suggest Electrical or Hybrid Only – NBC News
Volvo Is Very first Automaker to Suggest Electrified or Hybrid Only
by Paul A. Eisenstein
- Share
- Share
- Tweet
Volvo is going all-electric by 2019.
The automaker announced Wednesday that all future models will use some form of electrical propulsion, whether in hybrid form with a gas engine or all-battery models. The company says it hopes to become the very first traditional carmaker to produce no vehicles based solely on internal combustion engines.
Luxury automakers in general have been announcing major electric-vehicle plans in latest months. BMW will expose an all-electric version of its 3-Series sedan at the upcoming Frankfurt Motor Showcase. Mercedes-Benz is planning a fresh battery-car brand, Mercedes-EQ; and its parent, Daimler AG, on Wednesday announced plans to invest more than $700 million to build battery cars in China.
Volvo, based in Sweden but wielded by a Chinese holding company, had previously announced plans to sell one million electrified vehicles by 2025, “and this is how we are going to do it,” said Volvo Cars CEO Hakan Samuelsson.
Volvo’s Emphasis: Safety and the Environment
The automaker has long been known for its concentrate on safety, but it has been putting enhancing emphasis on the environment in latest years. Where luxury brands have traditionally relied on powerful V-8 engines for their most powerful and prestigious models, Volvo had already switched to a powertrain line-up with only four-cylinder engines. And with the two thousand sixteen launch of its flagship XC90 SUV, its top-line version was powered by the plug-in hybrid T8 “Twin Engine.”
The transition to an all “electrified” line-up will begin with three fresh mainstream products set to roll out inbetween two thousand nineteen and 2021. The accomplish transformation will likely open up into the middle of the coming decade. Volvo isn’t telling what share of future products will be conventional hybrids, plug-ins or unspoiled battery offerings, but the carmaker has already found stronger request for the T8 Twin Engine than it had originally expected.
For the moment, Volvo’s strategy might seem risky, especially in the U.S., where sales of all forms of electrified vehicles slipped last year, in part due to the low cost of gasoline. But industry analysts say several factors are driving the company’s decision.
“We expect that the decision is also largely driven by CO-2 regulations,” Evercore ISI analyst Arndt Ellinghorst told investors on Wednesday.
Raunchy fresh emissions and mileage mandates are being put in place in most of the world’s key automotive markets. And even tho’ President Donald Trump has ordered the EPA to reconsider Obama-era standards, which mandate a leap to a 54.Five mile-per-gallon target by 2025, a number of automakers have said they won’t back off on their own efficiency efforts even if the rules are flipped back.
Onslaught on Batteries
Industry analysts also are betting that the declining cost of batteries — along with improved vehicle range — will commence to win over consumers. Tesla, for one, expects to boost sales to 500,000 in two thousand eighteen with the launch of its fresh, mainstream-priced Model Trio. That would be a toughly six hundred percent leap over the company’s two thousand sixteen numbers.
A broad range of fresh players will skin out the electric-vehicle market, particularly in the premium sector, in the coming years. Along with Tesla, California-based and Chinese-funded Faraday Future hopes to vie for luxury buyers, as does Lucid Motors, LeEco and other start-ups.
Traditional upscale manufacturers, such as Volvo, aren’t content to cede ground to those fresh entrants. Virtually every luxury brand has so far committed to adding plug-based models, ranging from Audi to Lamborghini and even Porsche and Aston Martin, two brands best known for their high-performance gasoline sports cars.
In addition to its upcoming electrified 3-Series, BMW already has the i3 city car and the i8 plug-in hybrid sports car. Daimler is launching its own electrified sub-brand, Mercedes-EQ, which will have at least ten battery-electric offerings by 2022.
For its part, Volvo will be the very first broad luxury brand to announce plans to electrify all its products, however. And it will assist the rest of the brands wielded by Chinese parent Zhejian Geely to go electrical.
That includes the Chinese-based Geely brand, as well as the fresh Lynk & Co. which debuted a production version of its one SUV model at the Shanghai Motor Display in April. The one will suggest a total battery-electric version, as well as a plug-in hybrid, and those could be used by Lynk & Co in its bid to inject the U.S. market by 2019.
Going forward, Volvo will produce electrified products in Europe, China and in the fresh plant it is presently erecting in South Carolina. All told, Volvo itself expects to be selling one million electrified vehicles annually by 2025. That would almost dual the 534,332 vehicles the company sold worldwide in two thousand sixteen using all of its various engine options.
Volvo Is Very first Automaker to Suggest Electrified or Hybrid Only – NBC News
Volvo Is Very first Automaker to Suggest Electrified or Hybrid Only
by Paul A. Eisenstein
- Share
- Share
- Tweet
Volvo is going all-electric by 2019.
The automaker announced Wednesday that all future models will use some form of electrical propulsion, whether in hybrid form with a gas engine or all-battery models. The company says it hopes to become the very first traditional carmaker to produce no vehicles based solely on internal combustion engines.
Luxury automakers in general have been announcing major electric-vehicle plans in latest months. BMW will expose an all-electric version of its 3-Series sedan at the upcoming Frankfurt Motor Display. Mercedes-Benz is planning a fresh battery-car brand, Mercedes-EQ; and its parent, Daimler AG, on Wednesday announced plans to invest more than $700 million to build battery cars in China.
Volvo, based in Sweden but possessed by a Chinese holding company, had previously announced plans to sell one million electrified vehicles by 2025, “and this is how we are going to do it,” said Volvo Cars CEO Hakan Samuelsson.
Volvo’s Emphasis: Safety and the Environment
The automaker has long been known for its concentrate on safety, but it has been putting enlargening emphasis on the environment in latest years. Where luxury brands have traditionally relied on powerful V-8 engines for their most powerful and prestigious models, Volvo had already switched to a powertrain line-up with only four-cylinder engines. And with the two thousand sixteen launch of its flagship XC90 SUV, its top-line version was powered by the plug-in hybrid T8 “Twin Engine.”
The transition to an all “electrified” line-up will begin with three fresh mainstream products set to roll out inbetween two thousand nineteen and 2021. The finish transformation will likely spread into the middle of the coming decade. Volvo isn’t telling what share of future products will be conventional hybrids, plug-ins or unspoiled battery offerings, but the carmaker has already found stronger request for the T8 Twin Engine than it had originally expected.
For the moment, Volvo’s strategy might seem risky, especially in the U.S., where sales of all forms of electrified vehicles slipped last year, in part due to the low cost of gasoline. But industry analysts say several factors are driving the company’s decision.
“We expect that the decision is also largely driven by CO-2 regulations,” Evercore ISI analyst Arndt Ellinghorst told investors on Wednesday.
Raunchy fresh emissions and mileage mandates are being put in place in most of the world’s key automotive markets. And even however President Donald Trump has ordered the EPA to reconsider Obama-era standards, which mandate a hop to a 54.Five mile-per-gallon target by 2025, a number of automakers have said they won’t back off on their own efficiency efforts even if the rules are spinned back.
Onslaught on Batteries
Industry analysts also are betting that the declining cost of batteries — along with improved vehicle range — will embark to win over consumers. Tesla, for one, expects to boost sales to 500,000 in two thousand eighteen with the launch of its fresh, mainstream-priced Model Three. That would be a toughly six hundred percent hop over the company’s two thousand sixteen numbers.
A broad range of fresh players will skin out the electric-vehicle market, particularly in the premium sector, in the coming years. Along with Tesla, California-based and Chinese-funded Faraday Future hopes to vie for luxury buyers, as does Lucid Motors, LeEco and other start-ups.
Traditional upscale manufacturers, such as Volvo, aren’t content to cede ground to those fresh entrants. Virtually every luxury brand has so far committed to adding plug-based models, ranging from Audi to Lamborghini and even Porsche and Aston Martin, two brands best known for their high-performance gasoline sports cars.
In addition to its upcoming electrical 3-Series, BMW already has the i3 city car and the i8 plug-in hybrid sports car. Daimler is launching its own electrified sub-brand, Mercedes-EQ, which will have at least ten battery-electric offerings by 2022.
For its part, Volvo will be the very first broad luxury brand to announce plans to electrify all its products, however. And it will assist the rest of the brands wielded by Chinese parent Zhejian Geely to go electrified.
That includes the Chinese-based Geely brand, as well as the fresh Lynk & Co. which debuted a production version of its one SUV model at the Shanghai Motor Demonstrate in April. The one will suggest a total battery-electric version, as well as a plug-in hybrid, and those could be used by Lynk & Co in its bid to come in the U.S. market by 2019.
Going forward, Volvo will produce electrified products in Europe, China and in the fresh plant it is presently erecting in South Carolina. All told, Volvo itself expects to be selling one million electrified vehicles annually by 2025. That would almost dual the 534,332 vehicles the company sold worldwide in two thousand sixteen using all of its various engine options.