|Date of issue||Oct 17, 2011 | ID: 40462|
Volvo Car Corporation starts selling the Volvo V60 Plug-in Hybrid in 2012
At the beginning of 2011, Volvo Car Corporation unveiled the V60 Plug-in Hybrid - a virtually production-ready car with carbon dioxide emissions below 50 g/km.
The Plug-in Hybrid, which will be launched on the market in 2012, is the result of close cooperation between Volvo Car Corporation and Swedish energy supplier Vattenfall.
"No industry or organisation can tackle the climate challenge all by itself. It is our mission to develop carbon dioxide-lean cars, but it is the society that is responsible for creating a sustainable future. This project shows how cooperation between experts in different areas brings us closer to the transition from individually carbon dioxide-lean products to a climate-smart lifestyle," says Stefan Jacoby, President and CEO of Volvo Car Corporation.
In January 2007, Volvo Car Corporation and Vattenfall AB launched an industrial partnership whose aim was to test and develop plug-in technology. This cross-border initiative resulted in the foundation of a jointly owned company - V2 Plug-in-Hybrid Vehicle Partnership HB.
Half the CO2 emissions, full driving pleasure
Development work has been jointly financed. Now the project is on the threshold of introducing the market's first diesel plug-in hybrid. It's an attractive car type that gives the user access to the very best properties of both an electric car and a diesel-powered vehicle: very low fuel consumption and CO2 levels, combined with long range and high performance.
"One important aspect of the project was to retain the Volvo V60's excellent driving pleasure, high safety standard and luxurious comfort. At the same time, average CO2 emissions and fuel consumption will be halved compared with what is available on the market today," says Stefan Jacoby. He adds:
"We're taking a step forward towards our "DRIVe Towards Zero" vision, that is to say the hunt for zero emissions. In fact, when the V60 Plug-in Hybrid is run solely on electricity and recharged using renewable energy, we've already reached that goal."
Cheaper fuel costs
When powered solely by electricity, the V60 Plug-in Hybrid has a range of up to 50 kilometres.
The cost of the battery pack means the plug-in hybrid will be more expensive to buy than a Volvo V60 with a conventional combustion engine. On the other hand, fuel costs will be one-third compared with a conventional combustion engine. The cost of running on electricity in Sweden has been calculated at about 25 kronor (EUR 3.0) per 100 km. The exact cost will vary from one market to another.
The V 60 Plug-in Hybrid can be charged via a regular household electricity socket at home or when parked somewhere else. Charging time is about five hours if the car is recharged at home.
Electric power offers a range of benefits
Electrification of the transport sector is an important step in the fight against climate change. Electricity is a highly beneficial fuel:
Rapid expansion of renewable electricity production
Electricity production is undergoing rapid expansion. Wind-power is being commercially introduced on a large scale and is continuing to expand, biofuels will replace fossil fuels on a broad front, wave-power is expected to enter commercial operation within ten years, and new technology to clean CO2 emissions from coal-fired power stations is currently under development.
At Volvo Car Corporation, work on the V60 Plug-in Hybrid progresses in parallel with development of the Volvo C30 Electric, which runs entirely on electricity.
"These two car types complement one another. With a plug-in hybrid the driver is entirely independent of recharging stations when driving long distances. The future electric-car market will feature a mixture of both all-electric cars and plug-in hybrids," says Stefan Jacoby.
The third leg in Volvo Car Corporation's electrification strategy is empowering the upcoming engine generation with hybrid technology.
Manager Safety & Environment Communication
Volvo Car Corporation
Phone: +46 31 3254152
Director Volvo Cars Heritage
Volvo Car Group
Phone: +46 31 3257654
Mobile: +46 31 3257654
|ID: 40447||ID: 36396||ID: 40448|
Volvo Car Group
SE-405 31 Göteborg
Phone: +46 31 59 65 25
Fax: +46 31 54 40 64
Descriptions and facts in this press material relate to Volvo Car Group's international car range. Described features might be optional. Vehicle specifications may vary from one country to another and may be altered without prior notification.