Volvo CEO Credits Tesla For Raising Interest In Electric Cars

JUN 9 2017 BY MARK KANE 7

Volvo Cars’ T8 Twin Engine Range – S90, V90, XC60 and XC90 T8 Twin Engine AWD Inscription, Crystal White Pearl

Volvo is turning to electrification as new emission regulations from 2021 will apparently make the development of future diesel cars not worth the additional cost.

Volvo CMA Battery Electric Vehicle Technical Concept Study

The first all-electric Volvo is to be available from 2019, alongside a growing portfolio of plug-in hybrids.

Chief Executive Hakan Samuelsson credited Tesla for desirable BEVs:

“We have to recognise that Tesla (TSLA.O) has managed to offer such a car for which people are lining up. In this area, there should also be space for us, with high quality and attractive design,”

While the plug-in has a bright future, diesels that current account for half of car sales in Europe does not.

Volvo even hints that the company could end the current generation of diesel engines (which would be obvious if plug-in sales would take off).

“Swedish carmaker Volvo’s latest generation of diesel engines could be its last as the cost of reducing emissions of nitrogen oxide is becoming too much” Chief Executive Hakan Samuelsson was quoted as saying via Reuters.

source: Reuters

Categories: Volvo

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7 Comments on "Volvo CEO Credits Tesla For Raising Interest In Electric Cars"

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Philip Reeve

At last, an executive from a rival company gives Tesla credit and shows signs of planning a genuine effort to develop worthy competition.

So much more sensible than the lies and cheating of the major manufacturers like GM especially.

ZikZak

I believe that Porsches praised Tesla at some point too.

Loboc

I don’t know if you’d call it ‘praise’ exactly, but, Lutz was pretty pissed that a little start-up in CA could make an EV and GM could not.

SJC

Volvo needs to make an S40e, quit trying to pretend they are upscale, they have a brand to rebuild.

Nix

This sounds so much more rational and gracious than the “We’ve got a Tesla Killer, just wait” or the “We could build a car better than Tesla if we wanted to” talk.

It gives me a more positive feeling towards the Volvo brand.

goodbyegascar

“It gives me a more positive feeling towards the Volvo brand.”

I was thinking the same thing.

FLASH!

“Volvo Cars, the premium car maker, has announced that Polestar, its performance car arm, is to become a new separately-branded electrified global high performance car company, marking the latest stage in Volvo’s ongoing transformation.

In order to drive the development of the brand, Volvo Cars also announced today that Thomas Ingenlath, Senior Vice President Design at Volvo, will assume the position of Chief Executive Officer at Polestar. Mr Ingenlath has been the inspiration behind Volvo’s award winning design renaissance in recent years.

“Thomas heading up the Polestar organisation shows our commitment to establishing a truly differentiated stand-alone brand within the Volvo Car Group,” said Håkan Samuelsson, president and chief executive of Volvo Cars.”

https://www.polestar.com/intl/2017/06/21/polestar-electrified-performance-brand/