volvo electric car – pressnews

[ad_1] Volvo Car AB showed off the EX90, a battery-powered sport utility vehicle to succeed its gasoline-era flagship as the automaker pushes to go all-electric by the end of the decade. Volvo Car AB showed off the EX90, a battery-powered sport utility vehicle to succeed its gasoline-era flagship as the automaker pushes to go all-electric by the end of the decade. The vehicle, featuring lidar sensors to better see its surroundings, has as much as 600 kilometers (373 miles) of range and succeeds the popular XC90 introduced eight years ago. Chief Executive Officer Jim Rowan is under pressure to deliver on the manufacturer's ambitious electrification plan, with EVs making up just 15% of total shipments in October. Volvo Car is entering a crowded space as manufacturers jostle for a p...

[ad_1] Big fleet sales to rental car giants could soak up EVs if mid-market buyers don’t come to the party. It wasn't that long ago that sales to rental fleets were seen as a sign of failure. With the dawn of the electric-vehicle age, that's changing. In the past, automakers typically took aging or unpopular models, stripped them of many creature comforts and sold them to the likes of Hertz and Avis at discounted prices. It was a way to keep production lines moving until a freshened version of the car got to market. Electric vehicles are hot sellers right now, so cutting big deals with Hertz and other fleet buyers isn't the desperate move that it once was, but it sure is an insurance policy. Both Tesla and General Motors...

Tag: volvo electric car

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