Volvo Buses has received the largest single order for electric buses in Europe. Volvo Buses will deliver 157 electric articulated buses to Transdev starting in 2020. The buses will operate on a number of routes in Gothenburg. With their introduction, emissions and noise will be significantly reduced, and the electric buses will be able to […]
Mercedes’ carbon-neutral future, Volvo’s battery suppliers, Honda’s EV: Today’s Car News
Mercedes-Benz plans to go all-renewable—globally. Honda names its electric city car that’s bound for Europe. And Volvo names its battery suppliers. All this and more on Green Car Reports. Volvo took an unusual step in naming its official battery suppliers for its upcoming electric vehicles, like the Polestar 2 and the upcoming all-electric version of […]
Volvo secures ‘multi-billion dollar battery supply deals’ to support its electric car plans
Volvo, both through Polestar and its own brand, plans to bring several new all-electric vehicles to market and in order to do that, it needs significant battery supply. The automaker now says that it has secured ‘multi-billion dollar battery supply deals’ with CATL and LG Chem. According to a press release issued earlier today, Volvo […]
Polestar electric vehicle won’t lose $7,500 tax credit because of Volvo sales
Up to 200,000 buyers of Volvo parent company Geely’s Polestar electric vehicle (EV) will still qualify for $7,500 in tax incentives, quelling fears that Volvo sales in the U.S. would affect that number, according to Green Car Reports. The news that Volvo and Polestar will each be able to sell 200,000 EVs that qualify for […]
Volvo Projects Profit Margin On Electric Cars Will Be Equal To Conventional Cars By 2025
Electric cars are disruptive technology, and one of the things they are disrupting is the bottom line of legacy automakers. Electric motors and battery control systems are not that expensive, but the batteries themselves certainly cost more than internal combustion engines that manufacturers have spent a century perfecting. The profit margin on electric cars is […]