Volvo is mostly about safety, it invented the three-point seatbelt found in every car today and instead of keeping the IP, it opened it up to everyone. but some how till date, Volvo and EV have not blended well.
Volvo’s owner, China’s Geely, is keen on getting into the lucrative luxury/performance EV market, where margins are easier to attain than with mass production EVs.
Although this will not hit market until next year plans are afloat and according to Volvo, the S60 will offer 400 HP to 415 HP with both the gasoline engine and electric motors powering the vehicle.