Volvo, Betting on Electric, Moves to Phase Out Conventional Engines
Volvo Cars is Wednesday became the first automaker to signify the end of the internal combustion engine, saying that all models introduced since 2019 will be hybrids or driven solely by batteries.
The decision is the most audacious company any rental company major technologies currently represent a small part of the total vehicle market, but are considered increasingly essential in the fight against climate change and urban pollution.
Although most major manufacturers offer hybrid and battery options, none of them wanted to give up cars that only run on gasoline or diesel fuel. Instead, car manufacturers in the United States continued to generate tankers and vans, whose sales have increased due to relatively low fuel prices.
However, Volvo’s move may be the final sign that the era of gasoline consumption slowly coming to an end.
Tesla, which only a limited number of electric cars, outperformed Ford and General Motors this year in terms of market value, despite having many fewer cars than automobile giants – a clear indication of where investors place the industry Drive
At the Los Angeles Auto Show, a worse industry in November its digital future. 17, 2016
“Our customers are increasingly demanding electric cars,” said Hakan Samuelsson, Volvo CEO, during a telephone interview on Wednesday. Although the strategy has Volvo risks, M. Samuelsson has acknowledged “a much greater risk would be to stay with internal combustion engines.”
Although based in Sweden, Volvo is owned by Geely Automobile Holdings of China, which already produces battery cars for the Chinese market. Volvo’s decision to focus on electric vehicles could ultimately give Geely and a breakthrough if, as many analysts expect sales of battery-powered cars are starting to take off. China is already the largest market for electric vehicles.
Volvo battery-powered vehicles will be initially produced in China, but over time also in Europe and in a new company plant built near Charleston, C.C.
Hybrids, which combine battery power with gasoline or diesel engines, roughly 2 percent of US passenger car sales. Last year, a figure that has declined because gasoline prices fell.
And cars that work only on the battery are still rare in most countries due to the high purchase price, long charging times and limited ranges.
Even so, most automakers expect the proportion of electric cars to increase rapidly as technology improves, prices fall, and as public charging stations become more commonplace.
The rapid advances in auto-driving cars will also encourage a change in battery life: it is easier to connect the automatic control software for an electric motor to a conventional motor.
Automaker Daimler Mercedes-Benz trucks said on Wednesday they will invest 5 billion RMB, or $ 735 million in a new battery plant to be built in Beijing with its Chinese partner BAIC Motor.
Major US manufacturers argue with their own electrification strategies, albeit on a much smaller scale than Tesla and now Volvo.
General Motors, for example, this year features the Chevrolet Bolt – a battery-powered model that sells for about $ 35,000 before applying government incentives. Bolt can travel 238 miles on a single charge and will be the basis of other electric models that G.M expects to add to its programming.
Ford sold electric versions of some traditional models, but has not yet developed a fully electric vehicle from the beginning. However this changes. The company said it would introduce a smart battery S.U.V. 2020 and will add other electric models thereafter.
The third-largest national manufacturer, Fiat Chrysler, is staying. It sells an electric version of its subcompact Fiat 500 and a range of gasoline-electric hybrid of its minivan Chrysler Pacifica. But the company has not yet announced a project to build a new vehicle that is only available as an electric model.
Although the demand for electric cars is very low so far,