Volvo to focus on EV and hybrid models from 2019; will launch five fully electric car by 2021
Swedish luxury auto manufacturer Volvo is steadily advancing towards electric powertrains across its entire range. To make that strategy successful, Volvo has announced it will offer electric powertrains on all of its cars from 2019. The brand has made it clear that from now on it will focus on fully electric cars and hybrid models instead of only conventional fuel powered cars.
This indicates that by the end of this decade, we won’t see a Volvo car powered by just petrol or diesel powered internal combustion engine, but there will be an electric motor along with that. Not only that, Volvo also aims to roll out at least 5 fully electric cars between 2019 and 2021 under its strategy to minimize the environmental impact of its cars.
The brand also confirms that among these five fully electric cars, two will get the high-performance Polestar badge. However, further details about these EVs are yet to be revealed. By the end of 2025, Volvo targets to roll out a total of 1 million electrified cars across the world including both fully electric powered and hybrid models.
Being one of the biggest and fast growing auto markets in the world, India is going to play a very crucial role for Volvo’s strategy of launching green cars. The company has already confirmed that it will bring its first all-electric car to India by 2020. With the automakers aiming to increase its market share here, we can hope that it will roll pout couple of hybrid models in the domestic market as well.
Currently, Volvo sells a single hybrid car in the Indian market that is its flagship SUV XC90 T8 Excellence. However, speaking about electric vehicles in the country the biggest concern remains is the lack of charging infrastructure. Also, under the GST government of India has hiked the total tax incidence for the hybrid and electric models to 43% from the previous 30.30%. The subsidy under FAME scheme is also not available anymore. This means the electric and hybrid cars are becoming much more expensive. But, that is not hurting the automakers’ strategy to launch eco-friendly EVs or hybrid cars.
Volvo XC90 T8 Excellence Gallery