Volvo to be an all-electric brand by 2030

by womenonwheels

March 3, 2021

Volvo to be an all-electric brand by 2030

Volvo Cars have dedicated to becoming an all-electric manufacturer by 2030 to become a leader in the current growing electric car market.

The company will only sell and manufacture fully electric vehicles and slowly phase out internal combustion engines, including hybrids, to reduce the life cycle carbon footprint.

Hopefully, soon a rapid expansion of easily accessible charging stations will get going to accommodate all fully electric cars.

All fully electric models will be available online only. There has been a strong demand for Volvo’s electric cars in recent years.

“To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future – electric and online,” said Håkan Samuelsson, chief executive. “We are fully focused on becoming a leader in the fast-growing premium electric segment.”

Last year, Volvo Cars launched its very first fully electric vehicle, the XC40 Recharge and the company has revealed a new model in the 40 series.

In the next couple of years, Volvo Cars will produce seven additional electric models and of course with tons more to follow. By 2025, Volvo aims for 50 per cent of its global sales to be fully electric cars, with the rest hybrids.

“There is no long-term future for cars with an internal combustion engine,” said Henrik Green, chief technology officer. “We are firmly committed to becoming an electric-only car maker and the transition should happen by 2030. It will allow us to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change.”

Picture: Motorpress

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