New Volvo EV Business Will Offer a Variety of Power and Charging Solutions

📆 3/11/2023 1:42 p. m.
📰 AutoweekUSA

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Jay Ramey grew up around very strange European cars, and instead of seeking out something reliable and comfortable for his own personal use he has been drawn to the more adventurous side of the dependability spectrum.

Volvo is launching a new business unit focused on charging solutions as well as home energy storage and transfer.The new business, called Volvo Cars Energy Solutions, will take advantage of V2G, V2H, and V2L tech that upcoming Volvo electric vehicles will offer.The automaker has partnered with Göteborg Energi Nät AB in Sweden to launch a V2G pilot program.

Still, as Tesla's experience shows, there are some parts of this business that can be more easily managed and more profitable than others, as its Solar Cities and roof installation units have demonstrated. Just about all EV buyers will want a home-based wallbox, but taking on the task of offering affordable home installation of solar roofs is perhaps quite another matter.

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