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Starting in 2019, All New Volvo Models Will Have an Electric Motor

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Starting in 2019, All New Volvo Models Will Have an Electric Motor

During the first half of 2017, Volvo increased its profits by 21.2 percent, raising its revenues to 12,055 million dollars, and 2017 is expected to be the fourth year of profits for the assembly company, due to the growth of the brand in some countries in Europe, the Middle East and Africa. During the United-Arab-Emirates Mobile Database first half of 2017, Volvo increased its profits by 21.2 percent, raising its revenues to 12,055 million dollars , and 2017 is expected to be the fourth year of profits for the assembly company, due to the growth of the brand in some countries in Europe, the Middle East and Africa.

While the company is not a prominent player in the autonomous electric car industry, Volvo is part of Uber’s self-driving trials. Now, the assembler revealed that from 2019 all its new models will leave the factory with an electric motor.

Although electric cars represent less than 1 percent of sales in the United States, its strongest market, Tesla will close 2017 by selling 20,000 units in December alone, but Volvo, whose classic slogan is “the safest cars in the world” seeks Take advantage of the opening to the market, since these types of vehicles grew their sales by 37 percent in 2016, but the potential market is China, where 3 million electric units are expected to be sold in 2020 and 7 million by 2025.

 

Specifically, between 2019 and 2021, Volvo will launch five 100 percent electric vehicles , three models of the brand and two more from Polestar , its premium brand, while the rest of the models will be hybrid or hybrid plug-ins that generate energy from the braking.

Like Tesla, Volvo launched its ad to conquer the Chinese market, as consumers from the Asian country accounted for almost half of global electric car sales in 2016 , and are expected to increase market share of those cars in 2 percent this 2017.

One of the Brother Cell Phone List reasons why China is increasing the purchase of electric cars is because buyers obtain tax benefits such as tax exemptions and access to special lanes, while in 2017 it installed more than 100,000 charging stations, in addition to 150,000 installed, compared to the United States, which has 40 thousand points of sale and 16 thousand stations. Likewise, Volkswagen is another company that seeks to enter fully into the battle for electric cars, since it will introduce 30 electric vehicles by 2025, however, Volvo is the one that seems to be more advanced, after Tesla.