Volvo EV models are currently on a roll in 2019. The car-production giant is continually bringing new products into the market to enhance customer satisfaction. In the last two year, Volvo released 6 different eco-friendly car sets which have performed well. Also, Volvo was awarded the best car manufacturers award by QS rankings in 2018.
To customer’s delights, Volvo has rolled out the world’s first “all-electric vehicle,” which marks the start of the green future. It is interesting to see how it’s competitors respond to this latest launch. Expectations are high that Ford is rolling out its all-electric vehicle in late 2020. But, for now, Volvo EV has sealed its grounds by this breathtaking feat. The vehicle launch saw Volvo’s shares soar 3.11% higher than average. The share rise comes at a time when the automobile industry’s economy is at an all-time low.
Volvo EV Latest Launch: Specifications
The XC40 Recharge is a zero-discharge adaptation of a current Volvo model. It accompanies the dedication from the manufacturer that it will dispatch a completely electronic form of every one of its models. This practice will go on each year starting now and into the foreseeable future. It said that by 2025, half of its yearly generation will be electric-just vehicles.
The prices are set at 50,000 pounds, almost twice the prices of fuelled vehicles. However, in the long run, EVs are much better. They are greener and non-volatile. EVs indeed require regular servicing and attention, but its mileage and tenacity are really good. The car launch comes at a time when young Swedish activist Greta Thunberg inspired many to protest on climate change. The 16-year-old led protests in Europe and other cities across the globe against global warming and other threats to the environment.
Market Opportunities and Significance
Car manufacturers choose these times to seize market opportunities and roll out their vehicles. The protests, in turn, become a back-end promotion for their pro-environment products. By driving an Electric vehicle, you are lessening hurtful air contamination from exhaust outflows. An EV has zero exhaust discharges which is an extraordinary thing.
The latest Volvo model is an all-electric vehicle with enhanced security features. Anti-theft locking systems and 4*4 Airbags are an excellent deal. The car brings in a low centre-of-gravity system, which prevents skids and accidents. The COG system is unique and present in EVs. Other vehicles are loaded with fuel weight and engine-processing, making it bulky. Fundamental physics and modern hydraulics loaded into a single product is a good thing for enhanced performance.
Silence is what denotes a car’s superiority. The Volvo EV is a silent vehicle having zero noise or fuel emission, making it a big competitor of Tesla’s newly launched vehicles. Tesla’s EVs previously was the talk of the town but not anymore. Look’s like Volvo’s latest launch has crippled the market for them. Interestingly, Tesla’s market shares dropped by 0.34% after Volvo’s most recent EV launch, indicating an excellent prospect for the latter to regain the top spot as the best EV manufacturers.
