Volvo’s new diesel V60 Plug-in Hybrid will be priced between £45,000 and £50,000 when it goes on sale in the UK from January 1, 2012.
The entry price drops to £40,000 when factoring in the Government’s £5,000 Plug-in Car Grant.
Volvo expects 80%of total sales will be in the form of company cars. The new car emits 49/g/km of CO2, can be driven on electric power for 32 miles and has a total range of 621 miles on a single tank.
The car comes with a five-cylinder 2.4-litre turbo diesel producing 215bhp combined with a 70bhp electric motor powered by a 11.2 kWh lithium-ion battery pack installed under the floor of the load compartment. It will be the first Volvo to include a D6 badge.
There will be a limited model year production run of 1,000 cars offered with Pure Limited specification, which includes the highest SE Lux trim level.
The V60 Plug-in Hybrid will be launched in just one colour - electric silver. Standard equipment includes 17-inch wheels, integrated exhaust tailpipes and a number of bodywork features in glossy black, such as the grille and the front spoiler.
The V60 Plug-in Hybrid can be recharged from a standard power outlet (230V/6A, 10A or 16A) at home or in a car park. Recharging time varies with amperage. A full charge with 10A takes 4.5 hours.
This is cut to 3.5 hours with 16A, while a 6A charge takes 7.5 hours.
After the initial batch of 1,000 cars for model year 2013, production of the V60 Plug-in Hybrid will increase to 4,000-6,000 cars as of model year 2014.
About 30% of total volume will go to Sweden and the other Nordic countries. Germany, Switzerland, Belgium, France, the Netherlands and the UK will have a share of between 5 and 15% each.