Ford -owned Swedish automaker Volvo might be on the market awaiting a new owner, but that’s not stopping the company from announcing its intention to produce a plug-in hybrid powered by both an electric motor and a diesel engine set to be on the market in Europe during the 2012 calendar year.
Though few specifications have been announced, Volvo confirmed that it expects the vehicle’s total range to be about 1,200 kilometers, or about 745 miles. CO2 emissions would be around just 49 g/km, about half of what is considered to be low today, and Volvo says that fuel economy would average out to around 125 mpg.
Volvo did not say how long the vehicle would take to charge, but the automaker did say that the plug-in hybrid will be capable of about 31 miles on purely electric motivation.
“We are focusing strongly on plug-in hybrids in order to meet the demands for low CO2 emissions and to provide sustainable road transportation. We naturally expect that the relevant authorities will offer subsidies to boost developments, speeding up the creation of a market for this type of car,” said the automaker’s CEO, Stephen Odell, in a prepared statement released to the media.
