Economy

Volvo vows to cut carbon footprint in bid to sell electric SUVs

It represents a true milestone for Volvo Cars: the company's first electric auto and the first Volvo with a brand new infotainment system powered by Google's Android operating system.

The company aims to reach the 2025 targets through a string of measures, including generating 50% of global sales from fully electric cars and having a 25% share of recycled plastics in new vehicles by that time, both of which have been previously announced. The 402-hp crossover marks the debut of a greater Recharge lineup of battery electrics and plug-in hybrids and an era in which every customer will have to decide if they want their Volvo with a plug or without. Financial incentives created to further encourage electric driving will also be part of the Recharge offer. The new XC40 Recharge SUV is based on the company's XC40 compact SUV, offering a driving range of over 200 miles on an electric charge.

The deal will apply to all of the firm's PHEV models - which will now carry the new Recharge badge for electrified machines - sold from today onwards in most markets, including the UK. The battery charges to 80 % of its capacity in 40 mins on a fast-charger system.

Also included with the XC40 Recharge is one free year of electricity, which Volvo said will be offered through a refund of the average electricity costs during that timeframe.

Volvo said the XC40 Recharge will receive over-the-air updates, the first Volvo with the technology, and Volvo Chief Technology Officer Henrik Green claimed the updates will give buyers better, fresher vehicles throughout their car's life cycle.

The XC40 Recharge and the Recharge vehicle line are also tangible proof points of the company's ambitious new action plan, also launched today, which represents concrete actions in line with the Paris climate agreement and supports Volvo Cars' ambition to become a climate-neutral company by 2040.



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