Volvo Cars aims to be fully electric by 2030

Volvo Cars aims to be fully electric by 2030

STOCKHOLM, March 2 (Xinhua) – Volvo Cars aims to be fully electric by 2030, and all models will only be available online, the multinational carmaker announced on Tuesday.

In 2030, the company intends to sell fully electric cars and phase out all cars in its global portfolio with an internal combustion engine, including hybrids, the car manufacturer says in a press release.

“So instead of investing in a shrinking business, we choose to invest in the future – electric and online,” says Volvo Cars’ CEO Hakan Samuelsson in the announcement. “We are fully focused on becoming a leader in the fast-growing premium electrical segment.”

Henrik Green, the company’s chief technology officer, said: “There is no long-term future for cars with internal combustion engines.”

Volvo Cars launched its first all-electric car, the XC40 Recharge, last year. And this new electrification strategy was announced just hours before the company will present its second battery-electric model.

In the coming years, Volvo Cars will launch several additional electric models, with more to follow. In 2025, the car manufacturer aims for 50 percent of its global sales to consist of all-electric cars, with the rest hybrids. By 2030, every car sold should be fully electric, it said.

Volvo Cars, which was acquired by the Chinese car manufacturer Geely in 2010, employed an average of 36,278 people globally during the first six months of 2020.

Volvo Cars’ head office is the largest Swedish city in Gothenburg and has main car production facilities in Gothenburg, Ghent (Belgium), South Carolina (USA), Chengdu and Daqing (China), while engines are manufactured in Skovde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).


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