Volvo’s entry-level XC40 has impressed customers in whichever market it has entered and it will be receiving a hybrid version in the first phase
From now and until the end of this decade, Volvo has confirmed that there is no all-new model waiting in the horizon. However, the focus will instead be fully on electrifying its existing range of vehicles within that period. In a conversation with Autocar, Lex Kerssemakers, Volvo’s Boss for Europe, Middle East and Africa has told that the company is looking to extract 25 percent of its yearly sales from electric models by 2025.
Volvo’s entry-level XC40 has impressed customers in whichever market it has entered and it will be receiving a hybrid version in the first phase. It will be followed by a pure electric variant as well as Volvo commits to expand the number of offerings based on the XC40 SUV.
Polestar, which is now a standalone electric performance brand from the Swedish manufacturer, will also be introducing its second product in the meantime. The 1 hybrid performance GT created a lot of buzz when the brand was first announced several months ago and it will be accompanied by an all-electric model standing in line with the Concept 40.2 showcased a couple of years ago.
It snubs the previous rumours of a production Volvo model based on the concept. The compact coupe-ish hatchback is said to have its development underway and will feature a modular battery system. We can expect a driving range of around 500 km on a single charge but no specifics are out in the open yet.
Last year, Volvo applied trademark rights for P5, P6, P8, P9 and P10 and they could be the nameplates for electric vehicles of conventional models such as P9 for XC90 and P6 and XC60. Volvo seems to be evaluating coupe and convertible body-types for upcoming future EVs as well.