The Chinese-owned carmaker from Sweden wants to add 'sustainability' to its reputation for safety
While the XC40 is Volvo’s first fully electric vehicle, Volvo’s Polestar brand plans tonext year. Whereas Volvo is developing multi-power-train platforms, Polestar is strictly electric drive and branded to appeal outside the usual Volvo crowd.
Volvo itself has been a bit behind the curve in electric vehicles. It will take several years to build up its pure-EV offerings. In the meantime, as it phases out liquid-fuel-only vehicles, Volvo will rely on hybrids and plug-in hybrids. Like Volkswagen and other companies banking big on plug-ins, it’s a bold move. With dozens of EVs and plug-in hybrids scheduled to hit the market over the next few years, those autos still account for less than 3% of sales both in the U.S. and in Europe.
Wakefield said his firm calculates that internal combustion vehicles typically require 6.2 labor hours to assemble the engine, all-electric autos require 3.7 hours to assemble the motor and battery, and plug-in hybrids require 9.2 hours.
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