VOLVO AIMS FOR 50% EV SALES BY 2025
Coinciding with the launch of the new Volvo XC40 T5 Twin Engine plug-in hybrid electric vehicle (PHEV) in China last month, Volvo announced that fully electric cars, or battery electric vehicles (BEV), would make up 50% of its sales by 2025. The announcement builds on Volvo’s announcement in 2017 that all new models released from 2019 will be available as a hybrid electric vehicle (HEV), PHEV or BEV. The new Volvo XC40 T5 Twin Engine crossover features a relatively small 9.7 kWh battery pack and a 55 kW electric motor that drives the front wheels, coupled with a three-cylinder petrol engine and a seven-speed dual clutch transmission. As with most PHEVs, electric range is limited to about 40 kilometres of realworld driving. According to last year’s Naamsa sales figures, the Volvo XC90 T8 is the most successful hybrid SUV in South Africa, outselling its German counterparts by a significant margin of 4:1. “The success of our T8 in the local market puts Volvo in a very strong position in the hybrid/electric vehicle segment, and that is especially important in tougher markets, such as ours. We’re confident that Volvo will continue to lead as electrification gains a foothold in South Africa and further afield,” says Greg Maruszewski, Managing Director of Volvo Car South Africa.