Volvo announced today that it will begin selling plug-in electrical hybrids by as early as 2012, joining Swedish energy supplier Vattenfall for the project. Volvo President and CEO Stephen Odell has high hopes for the plug-in, sayingit "will be a true dream car."
"With the innovative solution we will offer, the car owner will be able to drive a thoroughly enjoyable car packed with Volvo's renowned high safety and genuine driving pleasure," he said.
According to the press release, the hybrid will have an electric battery pack that will drive an "entirely emission-free electric motor," complemented with a diesel engine designed to run on renewable synthetic diesel. In a presentation of the technology today, Odell said the all-electric range will be 50 kilometers (about 30 miles).
Volvo will equip three Volvo V70 wagons with the technology this summer for demonstration purposes.
Odell also revealed to Reuters at the presentation that Volvo was still in talks with prospective buyers, but Ford is in no rush to complete a deal.
"Ford Motor Co has said there are a number of very interested parties in the company," he said. "Ford is, with me as part of that process, talking to those parties, and not ready to give any signs beyond the fact that the discussions are ongoing.
"We'll go through due process and when it will end I don't know. We're not going to do this in haste."