Speaking at the reveal of the new Volvo S60 sports saloon, Ingenlath said that it would come after the firm’s electric sub-brand Polestar launches its second car, the Polestar 2 that's due in 2019, and would be followed by an electric version of the Volvo XC90, which is due to go into production at Volvo's new factory in Charleston, South Carolina, in 2021.
Ingenlath said the company would only produce electric versions of current cars, rather than building entirely new electric-only machines, such as Volkswagen is doing with its ID line-up.
“It’s not a secret any more that the first full electric Volvo is on its way with the XC40 coming," said Ingenlath. "It will arrive very soon after the Polestar 2. That is the first to come that’s not exotic. We’ll start with XC40 and then on it will come step after step into our model range. The next car will be the next-generation XC90.
"That will be the masterplan of how electrification will come to the Volvo product range. We will not establish products beside our hybrids, we will introduce electrification as a powertrain variant within the existing portfolio.
“You could say that is different to a lot of the mass-production brands. But I have a hard time to understand how their plan will work in the long run. Electrification is the future of the automotive industry, so how do you handle that as soon as you come to the majority of electric cars? How do you handle it in your portfolio? I think it’s much more natural to say it’s a powertrain variant that over time will take up the majority of the sold vehicles."
Both all-electric Volvos are due with lithium ion battery power, like their sibling from sister brand Polestar. The XC40 EV will join the Volvo XC40 plug-in hybrid in the range to give that car two electrified variants.
Volvo has set itself a target for 50% of its sales volume to be fully electric cars by 2025.
While Volvo will focus on electric versions of its current line-up, Ingenlath said that the Polestar sub-brand - which he also heads - could be used to develop bolder EV-only cars.
"We definitely don’t want to bring something that we’ve so successfully just launched like an XC40 to an end just because combustion engines will disappear," he said. "To look at new formats, new bodystyles and non-traditional elements, we founded Polestar to take care of that end of the scope. We developed that strategy: full electrification of the Volvo range, making it a natural part of the offer, and at the same time developing new, unconventional elements in the Polestar brand."