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As it struggles with declining sales and an uncertain regulatory environment, Volvo is hoping to realign its fortunes by overhauling its electric vehicle plans. And a big part of that is a bet on hybrid technology — or more specifically, extended-range electric vehicles (EREV).

At a factory tour in Ridgeville, South Carolina, Volvo made a series of announcements, including an updated EX90 SUV with an Nvidia-supplied computer and the start of production on the gas-powered XC60. But chief among them was the news that the automaker would begin production of an unnamed EREV, developed specifically for the US market.

In a roundtable with reporters, Volvo CEO Håkan Samuelsson described it as the automaker’s “second-generation hybrid,” with all the acceleration and driving agility of a regular battery-electric vehicle, but with improved range thanks to a small gas engine.

“The technology needs to be decided,” Samuelsson said, “but it’s more an electric car with a backup engine than the first-generation [hybrid], which is a combustion car with some batteries.”

EREVs are basically plug-in hybrids with a small internal combustion engine to recharge the EV battery for more range. They function as EVs, with the electric motors driving the wheels, and batteries that can be plugged into EV chargers. The gas generator is intended to relieve any range anxiety that some customers may have about buying a full EV.

Many automakers are turning to EREVs, as the imminent expiration of the federal EV tax credit is expected to result in a drop in EV sales. Ford, Ram, Hyundai, Nissan, and Scout Motors are just some of the companies that have said they intend to release EREVs in the near future.

Volvo is owned by Geely, a massive Chinese automaker that also produces a lot of hybrids, so the company hopes to utilize some of that internal knowledge in developing this new vehicle program.

“We’re fairly global,” Samuelsson said. “I have engineers in pretty much all continents … the majority of which are in Sweden. So that’s always going to be the center of gravity.”

But the vehicle will be built in the US, as Volvo — as with many automakers right now — looks for ways to minimize the impact that President Donald Trump’s tariffs are having on its bottom line. The company has had a rough summer, with sales dropping each month thanks to rising prices and declining EV demand. It even had to stop selling some of its models in the US, as tariffs were making it too expensive.

As such, Volvo is tailoring its new hybrid for the American market, focusing on a “bigger car” specifically for families, Samuelsson said. That would seem to point to an SUV with three rows, much like the XC90 or EX90. That said, Volvo’s design team still hasn’t decided what kind of car it will be.

But once that decision is made and the EREV goes into production, then Volvo’s South Carolina factor will be at capacity. Volvo is staking its future on a 50 percent volume increase over the next five years, anchored by a $1.3 billion investment in its factory in Charleston, South Carolina. The automaker had planned to become an EV-only company by 2030, but had to push that back a decade to 2040 as a result of weaker demand and slower sales.

“It will take longer time than we thought five years ago,” Samuelsson said, “and that’s why we need to be pragmatic and have this type of plug-in or bridge solutions.”

With additional reporting by Jennifer Pattison Tuohy.

 As it struggles with declining sales and an uncertain regulatory environment, Volvo is hoping to realign its fortunes by overhauling its electric vehicle plans. And a big part of that is a bet on hybrid technology — or more specifically, extended-range electric vehicles (EREV). At a factory tour in Ridgeville, South Carolina, Volvo made a Cars, Electric Cars, News, Transportation, Volvo 폰테크 달인은 복잡한 용어 대신 이해하기 쉬운 설명과 투명한 절차로 상담부터 입금까지 전 과정을 깔끔하게 안내합니다. 합리적인 시세 기준으로 모델·상태별 견적을 제시하고, 불필요한 수수료나 숨은 비용은 없습니다. 폰테크가 처음이신 분도 안전하게 진행하시도록 신원 확인·안전결제·개인정보 보호 원칙을 지킵니다. 채널 상담, 방문 상담, 비대면 상담까지 상황에 맞춰 연결되며, 진행 여부는 고객이 결정합니다. 폰테크 달인은 결과만큼 과정의 신뢰를 중요하게 생각합니다. 당일 문의·당일 진행을 목표로 있지만, 무리한 권유 없이 조건이 맞을 때만 안내합니다. 진행 후에는 간단한 체크리스트와 거래 내역을 제공해 재확인할 수 있고, 사후 문의도 응답합니다. 합리, 안전, 투명—폰테크 달인의 기준입니다. 온라인 접수로 상담을 시작할 수 있으며, 자주 묻는 질문을 통해 폰테크 전 과정을 미리 확인하실 수 있습니다. 처음부터 끝까지 ‘내가 이해한 만큼만 진행’하는 곳, 그게 폰테크 달인입니다. #폰테크 #폰테크당일 #당일폰테크 #비대면폰테크 https://phonetech.store/