Volvo shows an electric SUV and plans to drop cars running on just gas or diesel

Volvo showcased its first fully electric vehicle in Los Angeles on Wednesday, part of a new branding effort to roll back the Swedish company’s lineup of electric and plug-in hybrid vehicles.

The XC40 Recharge Compact SUV is an electric version of a gas-powered vehicle that came to market earlier this year.

Volvo said it intends to reduce the “life cycle carbon footprint” of its vehicles by 40% per car and to make its global manufacturing network carbon-neutral by 2025. In line it stated, with the 2015 Global Climate Agreement in Paris. .

Volvo has marketed its reputation for security for decades. Now it also wants to be known for its commitment to the environment.

“Safety is part of our DNA,” said Volvo Cars chief executive, Hakan Samuelson. “Let’s do the same thing with consistency.”

The company, owned by Chinese auto giant Geely, plans to introduce a fully electric vehicle every year through 2025 and has several plug-in hybrids that last a few dozen miles before switching power to internal combustion Are able to run on electricity.

Volvo said it would stop vehicles running on gasoline or diesel fuel by 2025 altogether. In 2020, the company said, 20% of its vehicle sales would be plug-ins. By 2025, the company said, half of its vehicles sold will be fully electric, the other half being plug-in hybrids and standard hybrids.

Car manufacturers in China and Europe are increasingly moving towards electrification, mainly driven by regulation. The us In, Ford is detailed Aggressive electrification scheme. General Motors and Fiat-Chrysler have been more ambiguous. Ford is the only American company committed to following California’s emissions regulations being fought by the Trump administration. (Ford joining Honda, Volkswagen and BMW.)

The XC40 is priced at $ 56,000 before the $ 7,500 federal and $ 2,500 California electric-car incentive.

The SUV has 408 horsepower and covers approximately 248 miles on a charge of 78 kWh battery. Volvo’s chief technology officer Heinrich Green said the battery, the most expensive part of an electric vehicle, “is enough to give you a reasonable amount of range but not so expensive that only a minority of rich people can afford.” .

The vehicle will feature more than one Air software update, the first for Volvo, and the infotainment system will be based on the Google Android operating system.

While the XC40 is Volvo’s first fully electric vehicle, Volvo’s Polstar brand plans to start selling Polstar 2 from next year. Where Volvo is developing a multi-power-train platform, the Polstar is strictly electric drive and branded to appeal outside of the normal Volvo crowd.

Volvo itself has lagged behind in terms of curvature in electric vehicles. It will take years to manufacture its pure-EV offerings. Meanwhile, as it ejects liquid-fuel-only vehicles, Volvo will rely on hybrids and plug-in hybrids. Banking big on plug-ins, like Volkswagen and other companies, is a bold move. With dozens of EVs and plug-in hybrids scheduled to hit the market over the next few years, those autos are still in the U.S. And accounts for less than 3% of sales in Europe.

Mark Wakefield, who heads the automotive unit at Advisor AlixPartners, stated that plug-in hybrids are a pull technology that are losing ground to already full EVs as batteries become cheaper and charging facility becomes less of a problem. “Plug-in hybrids matter a lot right now, but will matter less in the future,” Wakefield said.

He said the main problem with hybrids is the cost of building two electric vehicles – one gas-powered, one electric – in one vehicle. This means either higher prices for consumers, lower profit margins for manufacturers, or both.

Wakefield said his firm calculates that internal combustion vehicles typically require 6.2 labor hours to assemble the engine, all-electric autos require 3.7 hours to assemble a motor and battery, And plug-in hybrids require 9.2 hours.

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