• About
    • Which Energy Mix is this?
  • Climate News Network Archive
  • Contact
The climate news that makes a difference.
No Result
View All Result
The Energy Mix
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
SUBSCRIBE
DONATE
No Result
View All Result
The Energy Mix
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance
  FEATURED
REVEALED: Imperial Oil, Alberta Regulator Knew of Toxic Seepage at Kearl Mine for Years, Kept First Nation in the Dark October 3, 2023
Oil and Gas, Buildings Drive 2.1% Rise in Canada’s Climate Pollution October 2, 2023
Shell CEO Doubles Down on Renewable Cuts Despite Internal Pushback October 2, 2023
Leading Climate Models Underestimate Clean Energy Progress, Overstate Cost, Study Finds October 2, 2023
UAE Holds Major Oil and Gas Conference Before Hosting COP 28 Climate Summit October 2, 2023
Next
Prev

THE END OF COMBUSTION: All New Volvos to Be Electric or Hybrid from 2019

July 7, 2017
Reading time: 3 minutes

Nufkin/Wikimedia Commons

Nufkin/Wikimedia Commons

 

Volvo announced this week that its new vehicle fleet will consist entirely of electric or hybrid cars from 2019 on.

“This announcement marks the end of the solely combustion engine-powered car,” declared CEO Håkan Samuelsson. “Volvo’s brand will be strengthened by electrification.”

  • The climate news you need. Subscribe now to our engaging new weekly digest.
  • You’ll receive exclusive, never-before-seen-content, distilled and delivered to your inbox every weekend.
  • The Weekender: Succinct, solutions-focused, and designed with the discerning reader in mind.
Subscribe

“News of the death of the internal combustion engine may not be very exaggerated after all,” Bloomberg News commented.

“This is about the customer,” Samuelsson said. “People increasingly demand electrified cars and we want to respond to our customers’ current and future needs.” He added that Volvo was also preparing its fleet to meet binding European Union carbon targets for new vehicles that take effect in 2020.

“Between 2019 and 2021, the firm will introduce five 100% electric models, and ensure the rest of its conventional petrol and diesel range has a hybrid engine of some form,” The Guardian reports. Volvo “is the first major manufacturer to make such a bold move,” even though the company has yet to produce a fully-electric car, and has not yet chosen a battery supplier.

The basic plug-in hybrid version of Volvo’s XC90 SUV crossover will carry a suggested retail price of £61,650, The Guardian notes, £13,250 more than the basic diesel.

The Volvo announcement “is indicative of the speeding up of the shift over to electrics, particularly in the wake of the VW dieselgate scandal, and it’s a sign that the industry is really starting to move and it will become mainstream,” said automotive specialist David Bailey of Aston University. “By the mid-2020s, I expect there to be a tipping point where the electric car starts to out-compete the internal combustion engine. It’s the way it’s going.”

Goldman Sachs appears to agree, telling Bloomberg that about one-quarter of global auto sales will be hybrid or all-electric by 2025. In a separate report, Bloomberg New Energy Finance predicts that more than half of all sales will be electric by 2040. Bloomberg News states that Tesla Motors’ plan to produce 500,000 vehicles per year by 2018 and a million by 2020 “is scaring traditional automakers into action,” with BMW, Volkswagen, GM, and Daimler all rolling out new models and Daimler budgeting €10 billion for development over the next five years.

“Automakers understand that they must cut prices and improve driving range for consumers to really embrace the technology, and they’re starting to deliver,” Bloomberg states. “The shift to greener cars will squeeze profits across the industry for years to comeas manufacturers develop both electric and traditional combustion engines before battery-powered vehicles become economically viable.” Citing a senior VW official, the news agency says the turning point to profitability will likely hit around 2020.



in Electric Mobility & Auto, Ending Emissions, UK & Europe

The latest climate news and analysis, direct to your inbox

Subscribe

Related Posts

Dawn Ellner/flickr
Carbon Levels & Measurement

Oil and Gas, Buildings Drive 2.1% Rise in Canada’s Climate Pollution

October 2, 2023
62
Solarimo/pixabay
Ending Emissions

Leading Climate Models Underestimate Clean Energy Progress, Overstate Cost, Study Finds

October 2, 2023
261
Northvolt plant in Sweden, Spisen/wikimedia commons
Batteries / Storage

Quebec Lands $7B Battery Gigafactory Investment from Sweden’s Northvolt

October 2, 2023
62

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Trending Stories

jasonwoodhead23/flickr

REVEALED: Imperial Oil, Alberta Regulator Knew of Toxic Seepage at Kearl Mine for Years, Kept First Nation in the Dark

October 3, 2023
147
Ramon FVelasquez/Wikipedia

Shell CEO Doubles Down on Renewable Cuts Despite Internal Pushback

October 2, 2023
142
Iota 9/Wikimedia Commons

‘Huge Loss’ for Local Green Economy as Vancouver Shutters Its Economic Commission

September 28, 2023
359
YouTube

UAE Holds Major Oil and Gas Conference Before Hosting COP 28 Climate Summit

October 3, 2023
75
Solarimo/pixabay

Leading Climate Models Underestimate Clean Energy Progress, Overstate Cost, Study Finds

October 2, 2023
261
Jon Sullivan/flickr

Thorold Gas Peaker Plant Won’t Be Built After Unanimous City Council Vote

September 21, 2023
880

Recent Posts

Dawn Ellner/flickr

Oil and Gas, Buildings Drive 2.1% Rise in Canada’s Climate Pollution

October 2, 2023
62
Northvolt plant in Sweden, Spisen/wikimedia commons

Quebec Lands $7B Battery Gigafactory Investment from Sweden’s Northvolt

October 2, 2023
62
GFDL/Wikimedia Commons

Clean Energy Funding Isn’t Just About Money, Policy Expert Warns

October 2, 2023
39
NASA Goddard Space Flight Center/Wikimedia Commons

Climate Change Brings Rapid Ice Loss to Antarctica, Arctic, Swiss Glaciers

October 2, 2023
58
Duffins Agriculture Preserve/North Country House Media via Greenbelt Foundation

Green Space Groups Gear for Bigger Fights After Ontario Reverses Greenbelt Land Grab

September 28, 2023
221
DiscoverEganville/wikimedia commons

EV Rentals to Improve Transportation Access for Ontario Townships

September 28, 2023
82
Next Post

Sahel monsoon may see African drylands bloom

The Energy Mix - The climate news you need

Copyright 2023 © Energy Mix Productions Inc. All rights reserved.

  • About
  • Contact
  • Privacy Policy and Copyright
  • Cookie Policy

Proudly partnering with…

scf_withtagline
The Energy Mix - Energy Central
No Result
View All Result
  • Canada
  • Fossil Fuels
  • Ending Emissions
  • Cities & Communities
  • Electric Mobility
  • Heat & Power
  • Community Climate Finance

Copyright 2022 © Smarter Shift Inc. and Energy Mix Productions Inc. All rights reserved.

Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}