Volvo Reveals First Electric Car
On October 17, Volvo reveals its first Polestar 1 electric car, a four-seater coupe with a lightweight Drive-E powertrain engine that ensures optimal performance with every drive. A range of 150 kilometers on a charge is expected of the hybrid Polestar 1 model, with an engine powered by gasoline if need be. Volvo announced their electric car brand Polestar, which will be an independent car manufacturer and will carry all their high performance electric and hybrid vehicles by revealing their first model, the Polestar 1. Anyone interested in driving electric will expect to found a price tag for the Volvo S60 Polestar to be around $60,000.
With Volvo wanting to have fully electric and hybrid by the year 2019 and SUVs by 2021, Telsa, a car manufacturer solely based on producing electric cars, has competition on their foot. Polestar 2, a mid-size model expected to compete with Telsa Model, is currently in the talks. With the Telsa Model 3 starting at $35,000, Volvo is finding innovative ways to produce electric and hybrid c vehicles at a reasonable price.
Volvo is concentrating on researching and developing resources for new technology instead of continuing to invest in fuel-powered motors that they believe will become obsolete in the near future. By developing resources for new technology, Volvo hopes to be more like it parent company, Geely, a company that sells electric cars in China and is one of the fast-growing businesses in the market for battery-powered vehicles. Volvo is intent on becoming all-electric by the year 2019 hopes of gaining the success that comes with marketing battery-powered cars