A Volvo that can be fuelled with electricity from a standard wall socket will be a reality in 2012. Swedish energy company Vattenfall and the Volvo Car Corporation are launching an industrial joint venture partnership to introduce plug-in hybrids on the market. The ground-breaking technology will considerably lower the environmental impact from traffic. In addition, owning a plug-in hybrid vehicle will be convenient since you can fuel up at home and fuel costs are significantly lower.
In January 2007, the Volvo Car Corporation and Vattenfall launched a joint project with the aim of testing and developing plug-in technology. Now their cooperation is being taken to the next level.
"We are investing in an industrial joint venture to series-produce plug-in hybrid cars in Sweden in 2012, cars that can be powered by both electricity and diesel. This is an important business development for us and our partnership with Vattenfall allows us to take a giant step toward offering our customers cars with an even smaller environmental footprint," says Stephen Odell, President and CEO of the Volvo Car Corporation.
Vattenfall and the Volvo Car Corporation believe that series production of plug-in hybrid cars and the development of infrastructure can generate new jobs and help Sweden maintain its position at the cutting edge of advanced pro-environmental technology.
The car can be charged at home
One of the major benefits of plug-in hybrids is that they can be charged from a regular household wall socket.
"We want to reinforce electricity's importance in society and its key role in solving climate issues. Through this cooperation we hope to be able to speed up the introduction of electric cars. Together we are developing the next-generation technology based on plug-in cars and various charging alternatives," says Lars G Josefsson, President and CEO of Vattenfall.
The development of the cars is being carried out and financed jointly by the two companies. The Volvo Car Corporation will manufacture the cars and Vattenfall will develop charging systems and supply the cars with electricity.