Volvo raises its sales targets for its hybrid V60
- Volvo has raised its production targets for the V60 Plug-in Hybrid in order to cope with demand greater than expected. The manufacturer now expects to produce 10,000 units of this model by the end of 2014 (against an initial forecast of 5000 units).
- The V60 Plug-in Hybrid is currently only available in Europe. In most European markets, buyers of plug-in hybrid vehicles get a purchase bonus or government aid, which has boosted the models sales .
- The Swedish carmaker therefor gives up Electric C30 program. Volvo acknowledges having sold a total of less than 250 units of the compact sedan that was equipped with a 150km range. The carmaker now wants to focus more on its future rechargeable or non-rechargeable hybrid vehicles.
- Volvo believes that electrical vehicles should represent at most 1% of the automotive market in 2020, while Renault expects 10%. The next hybrid model marketed by the Swedish brand will be the XC60 plug-in hybrid.
Data source: File #55 - Registrations in the World by makes
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