|
WickedsDesire -> Volvo goes electric across the board (7/5/2017 7:34:18 AM)
|
Volvo goes electric across the board
Carmaker Volvo has said all new models will have an electric motor from 2019.
The Chinese-owned firm, best known for its emphasis on driver safety, has become the first traditional carmaker to signal the end of the internal combustion engine.
It plans to launch five fully electric models between 2019 and 2021 and a range of hybrid models.
But it will still be manufacturing earlier models that have pure combustion engines.
Geely, Volvo's Chinese owner, has been quietly pushing ahead with electric car development for more than a decade.
It now aims to sell one million electric cars by 2025.....Doable
Volvo's announcement sounds dramatic, but the reality is it simply reflects the direction much of the auto industry is travelling in.
It comes after US-based electric car firm Tesla announced on Sunday that it will start deliveries of its first mass-market car, the Model 3, at the end of the month.
Elon Musk, Tesla's founder, said the company was on track to make 20,000 Model 3 cars a month by December.
His company's rise has upset the traditional power balance of the US car industry.
Tesla, which makes no profits, now has a stock market value of $58bn, nearly one-quarter higher than that of Ford, one of the Detroit giants that has dominated the automotive scene for more than a century.
Anyone got an electric car or a hybrid or planning on buying one - whats the going rate for one of them new swish Tesla's anyway?
|
|
|
|
