Swedish energy company Vattenfall and the Volvo Car Corporation are launching an industrial joint venture partnership to introduce plug-in hybrids on the market.
One of the major benefits of plug-in hybrids is that they can be charged from a regular household wall socket.
The development of the cars is being carried out and financed jointly by the two companies. The Volvo Car Corporation will manufacture the cars and Vattenfall will develop charging systems and supply the cars with electricity.
In the summer of 2009, three Volvo V70 demonstration cars will be presented. The demonstration cars will be used to gather information about the wishes and demands that drivers may have on the new technology
The cars that are planned to go into series production in 2012 will feature somewhat different technology, but the launch of the demonstration vehicles is a step towards series-producing plug-in hybrid cars specifically tailored to market needs.
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