Volvo charges up global electrification strategy
Swedish car giant Volvo is to develop an entirely new range of electrified smaller cars and build a full electric car for sale by 2019.
As part of this new strategy, Volvo said it expects electrified vehicles to account for up to 10% of total car sales in the medium term.
The first element of the new electrification strategy involves the introduction of plug-in hybrid versions of its 90 series and 60 series larger cars, based on the company’s new Scalable Product Architecture (SPA). This process has already begun with the launch of the T8 Twin Engine All-Wheel Drive plug-in hybrid version of its new XC90 SUV and will continue with plug-in hybrid versions of the new S90 premium sedan and other forthcoming models.
Volvo Cars says it will also broaden the range of plug-in hybrid cars it offers with the introduction of a new front-wheel drive Twin Engine variant.
The company maintains that it will further deepen its product offering with the introduction of an entirely new range of smaller 40 series cars based on its newly-developed Compact Modular Architecture (CMA), which, like SPA, has been designed from the outset for electrification.