Volvo has announced that all their cars from 2019 onwards will be at least partially electric. Volvo announced its “historical end” to building cars with only internal combustion engines. This means from 2019 onwards, Volvo will only manufacture full-electric and hybrid vehicles.
Volvo announced between 2019 and 2021, they will launch five full-electric cars and transform the rest of its conventional fuel-powered cars into hybrid cars. Currently, Volvo sells five plug-in hybrid models but has no full-electric models ready to go. This is the change Volvo is planning to make over the next four years.
However, this will lead to a price hike for Volvo owners. The current price for a basic hybrid XC90 is £61,650, which is £13,250 more than the basic diesel edition. However, this will only be a short term problem. The more electric cars that are produced and the more the technology is experimented with by car manufacturers, the quicker the price of these electric cars will drop.
Volvo’s CEO, Hakan Samuelsson said: “This announcement marks the end of the solely combustion engine-powered car. Volvo Cars has stated that it plans to have sold a total of 1m electrified cars by 2025. When we said it we meant it. This is how we are going to do it.”
Volvo is joining many of the other manufacturers including BMW, Renault, Nissan and Volkswagen in having ambitious plans for electric cars. These plans are generously supported by grants from governments who are eager to invest in electric technology and infrastructure for cars.
Volkswagen already produces electric versions of their most popular cars, with the E-Golf being the most famous example. Nissan has the Leaf, which is the more affordable and popular electric car on sale. BMW have a selection of electric and hybrid cars available including the hatchback electric i3 and the hybrid supercar i8.
Keep your eyes out in the coming years for more electric and hybrid cars taking to the streets with more manufacturers investing in full-electric cars. If you see an electric car you would like to lease right now such as the Nissan Leaf or the BMW i3, we have a great range available for you to consider right now. All are available through car leasing, all you have to do is look.