Across the pond, the Swedish automaker plans to start deliveries of its V60 diesel plug-in hybrid by the end of the year, Plugin Cars reports. Volvo is taking orders for the car, which will sell for about $81,000 at current exchange rates. That's about $19,000 more than the regular V60. In countries like France, though, government incentives aimed at boosting electric-drive vehicle sales could shrink that premium to about $10,000.
Volvo unveiled the V60 plug-in at last year's Geneva Motor Show. The car will have a 2.4-liter five-cylinder turbodiesel engine paired with a 70-horsepower electric motor and battery that provides an all-electric range of as much as a 32 miles.
Volvo has said it is investing more than $2 billion in research and development specifically geared towards cutting its vehicles' greenhouse-gas emissions. Last June, Volvo introduced a battery-electric prototype of its C30 that the automaker said would be available for leasing customers by the end of this year. It, too, isn't cheap.