High demand pushes Volvo to build 10,000 V60 plug-in hybrids by end-2014

Article by Anita Panait, on June 10, 2013

Volvo is planning to increase the output of its V60 plug-in hybrid after receiving better-than-expected demand.  The carmaker plans to build 10,000 V60 plug-in hybrids by the end of 2014, up from a previous goal of 4,000 to 6,000 units. According to Volvo, the increasing demand for the V60 plug-in hybrid is partly due to the emissions-based tax breaks provided to the car, which emits only 48 grams of carbon dioxide per kilometer.

A Volvo spokesperson remarked that the V60 plug-in hybrid has done well since the tax exemptions for plug-in hybrids “are so good," adding that demand for the car has far exceeded expectations. Volvo said that for the initial production run of 1,000 V60 plug-in hybrids, the biggest markets outside of Sweden was the Netherlands, Belgium and Germany. Volvo is selling the car only in Europe.

The V60 plug-in hybrid’s starting price of EUR63,995 ($82,500) in the Netherlands is further trimmed by zero new-car purchase tax and favorable company car tax. Starting 2014, vehicles emitting under 50g/km of CO2 will be exempted from annual road tax in the country. A spokeswoman for Volvo in the Netherlands remarked that company drivers pay no tax to use the V60 plug-in hybrid, compared with EUR6,000 to EUR10,000 for a standard car.

She said that private costumers could trim the price to around EUR30,000 with government subsidies. Volvo remarked that when the V60 plug-in hybrid was first announced, there were already buyers for it even they had no knowledge of the spec. The V60 plug-in hybrid is powered by a combo of 2.4-liter diesel engine and an electric motor. It can cruise up to 50km on electric power alone, helping it achieve fuel usage of 1.8 liters per 100km.

If you liked the article, share on:

Pin It

Comments

Recommended

South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries