October 16, 2019
Recharge, reduce, rethink
The XC40 Recharge is the first model in what will be our brand new Recharge car line. Recharge will be the overarching name for all chargeable Volvos with a cord, covering both our currently-named Twin Engine plug-in hybrids and all battery electric vehicles. Over the next five years, we will launch a new fully electric model every year.
“We have said this several times before: for Volvo Cars, the future is electric,” says CEO Håkan Samuelsson. “Today we take a major new step in that direction with the launch of our fully electric XC40 and the Recharge car line.”
« For Volvo Cars, the future is electric. Today we take a major new step in that direction with the launch of our fully electric XC40 and the Recharge car line. »
The XC40 Recharge is the perfect car to spearhead the Recharge transition. It is everything that defines a Volvo in terms of safety, design and infotainment, but with the addition of an all-electric, all-wheel-drive powertrain. It offers a range of over 400 km on a single charge under the WLTP drive cycle, and power output of 408hp. The battery charges to 80 % of its capacity in just 40 minutes on a fast-charger.
Every Volvo Recharge plug-in hybrid model will come with financial incentives designed to further encourage electric driving. Via Volvo On Call, our digital connected services platform, plug-in hybrid drivers can track how much time they spend driving on electric power.
Electrification is not enough
Though it is a significant step in the right direction, we know that electrification alone is not enough. We need to do more in order to reduce our carbon footprint.
Therefore, we are making another ambitious announcement today: by 2040, we aim to be a climate neutral company. It’s ambitious, but we are ready and willing to work towards it by breaking a long-term ambition into short-term actions.
In the years leading up to 2025, we plan to reduce our average carbon footprint per car by 40 per cent from 2018 levels. Electrification will play a significant role in this goal, as tailpipe emissions are an important element of that footprint. The rest will have to come from our operations, our manufacturing plants, our supply chain, our logistics network and an increased focus on recycling.
Recharging our operations
While we continue to focus on having electric cars make up half of our global sales by 2025 (which should reduce our tailpipe emission by 50 per cent per car in the process), we also aim to have a fully climate neutral manufacturing plants by then. Our engine plant in Skövde, Sweden has already set the example and has been climate neutral since 2018. Now we are working hard to make sure the rest will follow.
We will reduce carbon emissions from our overall operations, including manufacturing and logistics, by 25 per cent by 2025, while we also expect our supply chain to cut carbon emissions by 25 per cent by that time. And of course we remain committed to our existing goal of 25 percent recycled plastics in new Volvo cars by 2025.
While these measures alone are not enough to meet our 2040 ambitions, they are tangible, concrete steps towards it. “We are transforming our company through concrete actions, not symbolic pledges,” says Håkan Samuelsson. “So we will address what we control, which is both our operations and the tailpipe emissions of our cars. And we will address what we can influence, by calling on our suppliers and the energy sector to join us in aiming for a climate neutral future.”