𝗕𝗲𝗻𝗼𝗶𝘁 𝗗𝗼𝘃𝗶𝗳𝗮𝘁

We are on a journey towards full electrification and eventually we’ll only build and sell electric cars. However, until infrastructure fully catches up and all our customers are ready to make the transition with us, we’ll also offer premium plug-in hybrids – electric cars with a back-up plan. They remain a significant pillar of our growth today and this month, we reached a significant milestone as we sold our one millionth plug-in hybrid. Underpinned by strong demand for the XC60 and XC90, our PHEV sales rose from almost 46,000 units in 2019 to over 177,000 in 2024. In the first half of this year, 23 per cent of our sales consisted of PHEVs. And we continue to develop our PHEV offering. Both the XC60 and XC90 were renewed last year, reinforcing their appeal, and we recently launched the XC70 SUV, our first long-range plug-in hybrid. Internal data shows that our PHEVs are driven in electric mode around half the time, illustrating how PHEVs are a great bridge towards our all-electric future. “Volvo Cars is committed to a fully electric future, and we will get there in a pace that suits our customers,” says Erik Severinson, our chief commercial officer. “Our plug-in hybrid cars are a crucial bridge towards that future for those customers who are not yet ready to go fully electric.” #VolvoCars  

660

19 Comments

📰 Luxembourg is rapidly decarbonising public transport, with all buses set to be zero-emission by 2030. As an electromobility pioneer, Volvo Bus is now prioritising sustainability in its transport solutions. Read this article here : https://lnkd.in/dKfvtYbz on Forbes Luxembourg Laurent Bravetti #Forbesluxembourg #Forbeslu

141

Together with DLL, we have obtained regulatory approvals to enter into a joint venture to facilitate the energy transition in Europe, following our announcement in May. DLL has acquired a majority interest (51%) in GATE through a reserved capital increase, to support the transition to low- to zero-emission commercial vehicles in Europe, while we retain 49% of the share capital. The new joint venture structure will provide GATE with strengthened financial backing and asset #financing expertise, crucial for accelerating its #growth strategy, driving its further development and expansion, and enabling it to achieve its ambitious objectives more efficiently and swiftly. Read the full press release: https://lnkd.in/ex3ak8UY

257

[#DEAL] We are proud to have supported Zenobē, the largest owner and operator of Battery Electric Buses in the UK, in establishing their European electric fleet financing platform. 🚍 The €325 million debt facility will enable Zenobē to deploy up to 1,000 electric buses and trucks alongside associated charging infrastructure in continental Europe. Drawing on its expertise in fleet electrification services, Zenobē’s project will help reduce greenhouse gas emissions in the sector. This represents another important step towards decarbonation of Europe's transportation sector, which will require significant investment over the next decade to meet national and international targets. This project follows our support for Zenobē's Eccles Battery Energy Storage System project, closed in March.🔋 We look forward to continuing to support Zenobē and its majority shareholders, KKR and Infracapital, as the business grows. Congratulations to all the teams involved! 👏 Read more about the deal: https://bit.ly/45MFHgw #sustainableenergy #SustainableFinance

125

Industry giants tell Brussels: €8 hydrogen or Europe loses the truck race 🇪🇺🚛⚡️ Europe’s hydrogen truck ambitions risk being stranded unless fuel prices halve and policymakers stop stacking the deck in favour of batteries, according to a new strategy launched in Brussels yesterday. The Global Hydrogen Mobility Alliance (GHMA) - a coalition including Daimler Truck, BMW, Air Liquide, Bosch and TotalEnergies - used EU Hydrogen Week to present its Market Activation Strategy. The report, backed by a companion industry position paper, calls for immediate intervention to make hydrogen viable for heavy goods vehicles. Trucks before talk Hydrogen trucks, the Alliance argues, are technically ready but economically blocked, and Europe must get several thousand HGVs on the road by 2030, supported by stations built at the right scale. At present, GHMA notes, Europe has around 250 hydrogen refuelling sites, but most were designed for cars. Many operate at well below capacity - often under 15% - which pushes up the operating cost per kilo of hydrogen dispensed. A modern, well-utilised truck-scale station can run at around €2/kg in operating cost, according to the Alliance, but smaller, under-loaded sites can be closer to €10-20/kg. That inefficiency feeds directly into the high retail prices fleets currently face, with most pumps still charging more than €15/kg. This is why GHMA insists the minimum threshold for new stations should be 1 tonne per day, with preference for 2 tonnes or more, and that they must be opened in sync with committed truck fleets so utilisation passes 50% quickly. The principle mirrors strategies such as H2Accelerate, which also advocates building concentrated corridors first before attempting wider coverage, to ensure stations are full and viable rather than scattered and stranded. The €8 test The Alliance sets a firm “activation point” for hydrogen mobility at €8/kg at the nozzle, which it says is the point where hydrogen trucks can start competing with diesel on total cost of ownership. In Germany, the parity point is even lower, closer to €6/kg, once new CO₂ pricing under ETS2 is included. Current retail prices remain well above those levels, but GHMA says the pathway down is to build larger stations, increase throughput, and shift distribution towards liquid hydrogen supply chains. Its modelling shows that moving a station from 30% to 60% utilisation can cut dispensed cost by around €3/kg, while scaling capacity from 1 tonne/day to 4 tonnes/day can shave another €0.5-1/kg. Independent studies add context. The International Council on Clean Transportation, for example, estimates that break-even hydrogen prices for trucks in Europe sit in the €... Read the full article for free: https://h2.news/ghmabeh #GlobalHydrogenMobilityAlliance #EUHydrogenWeek #HydrogenTrucks #HydrogenMobility #DrivingHydrogen

407

122 Comments

⚡ First bidirectional charging stations in Utrecht 🔋 The 50 bidirectional charging project for EVs has been launched by carsharing company MyWheels as well as We Drive Solar and Renault Group in the Dutch city of Utrecht. The parked car’s battery is charged when energy is cheap and discharges back into the grid when grid demand peaks! 🔗 Find out more: https://lnkd.in/eBhgZAAk #EV #Charging #bidirectionalcharging #Utrecht #battery #ElectricVehicles

59

1 Comment

Fleets as a gamechanger for the energy transition? The numbers speak for themselves. 📊 60% of all new vehicle registrations in Europe come from corporate fleets.  🔋26% of companies are already planning their own charging infrastructure  💡But: 39% still consider EVs too expensive.     Elli Mobility’s latest fleet report offers in-depth industry insights into the challenges and opportunities of fleet electrification. It also shows how businesses can start shaping a more sustainable future today.    Future-proof your fleet with real insights from across the industry. Save yourself the free report now and start thinking about tomorrow! 📄    📥 Download the full report here: https://lnkd.in/eNPqcYgV   #fleetmanagement #study #charging #electrification #mobility #europe #VolkswagenGroup #enterelectric  

41