Car Coach: Volvo's Hybrid Electric Strategy May Not Lead to US Sales Jump

Lauren Fix says on the surface, Volvo's move doesn't make sense

Tom Puckett
July 06, 2017 - 4:00 am
Categories: 

Buffalo, NY (WBEN) Volvo has announced it is focusing on hybrid and electric cars. The Car Coach says on the surface the move doesn't make a lot of sense.

"I think they want to go head to head with Tesla," says Lauren Fix, considering Chevy, BMW and Mercedes-Benz have invested money in electric and hybrid vehicles. "But the one thing not many people are talking about is Volvo is owned by a Chinese company, but not only is Geely a Chinese company, China is the largest importer of oil and it's growing," says Fix. "It doesn't make sense because it would be in China's best interest to want aggressive fuel economy standards in the US to decrease the demand for oil, and simultaneously boost the sale of Chinese-owned autos."

Fix says don't count on Americans buying electric cars. "In America, we buy what we want, and what we want are SUVs," explains Fix. "We're not going to buy electric vehicles in the middle of the country, maybe on the edges, but the middle hasn't switched over and it won't be easy to do so." Fix says there's another issue. "The grid is very old, and it cannot support every American car if it were to become electric. Even if we plugged in at night. Only four of five percent of power comes from wind or solar," says Fix, who adds the rest comes from fossil fuels.

The fossil fuel is something we cannot escape. "Every bottle of water you hold has petroleum in it. It's in everything you wear, you do, you touch. We cannot live without fossil fuels," says Fix.

HEAR MORE: with Fix on The WBEN Liveline 

Comments ()