Monday, August 17, 2009

The future looks...electric

Volvo has announced plans to produce a plug-in hybrid vehicle in 2012, and will show a prototype ALL-Electric C30 at the Frankfurt Auto Show.

From the Press Release:

NEW YORK, July 13 /PRNewswire-FirstCall/ -- Volvo Car Corporation has chosen advanced, American-made lithium-ion battery systems designed and produced by Ener1, Inc. (NASDAQ:HEV) to power a pair of plug-in hybrid V70 demonstration cars being put through their paces across Europe this fall as part of a rigorous development program leading up to the planned 2012 commercial launch of a production plug-in model. The project is a joint venture between Volvo and Vattenfall, one of Europe's largest electric utility companies and a leading proponent of electric vehicle infrastructure build-out.With a single charge from an ordinary household socket, the cars can run up to 31 miles (50 kilometers) using only battery electric power, more than meeting average daily commuting needs for the vast majority of drivers. Beyond the electric-only range, a highly fuel-efficient diesel engine kicks seamlessly in to power the vehicle without interruption."These cars and the battery systems constitute a tremendous engineering achievement and a major step forward in the commercial evolution of electric drivetrain technology," said Ener1 CEO Charles Gassenheimer. "Volvo is every bit as demanding as you would expect. They approached this program with the same relentless passion for safety, quality and reliability that made them famous. You can't ask for a better performance measure than that."

Pretty cool stuff!

Of course the best way to hold out for your own future Volvo is to buy one today, and get 5 years/60,000 miles of next to $0 ownership costs on any 2009 Volvo in stock.

Lehman Volvo Mechanicsburg:

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