FILE PHOTO: An electric vehicle charging cable is seen on the bonnet of a Volvo hybrid car in this picture illustration taken July 6, 2017. REUTERS/Phil Noble/Illustration
Global automakers are planning a $300 billion surge in spending on electric vehicle technology over the next five to 10 years but have admitted that higher component costs and limited take-up in initial years will hit margins. It showcased the first less than a month ago, made by its luxury performance brand Polestar to rival to Tesla’s Model 3. It also plans to launch a Volvo-branded electric compact SUV this year in the company’s push to derive 50 percent of its sales from fully electric cars by 2025.
Volvo's are probably the worst Scandinavian-European cars... the Fiat doesn't' count as a car.
For electric cars to take off, we need multiple fast-charge charging stations every few miles & along stretches of major freeways & rest stops.
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