Volvo Cars has committed to becoming fully electric – selling only fully electric cars and phasing out models running on internal combustible engines, including hybrids – by 2030.
The Swedish automobile marque revealed yesterday the all-electric commitment intended to follow suit to the company’s ambitious climate plan which seeks to reduce the life cycle footprint per car.
Alongside the Volvo’s landmark announcement is the release of the new Volvo C40 Recharge, the marque’s latest electric vehicle offering.
“The C40 Recharge represents the future of Volvo and shows where we are going,” Volvo Cars chief technology officer said Henrik Green said in a press release.
“It is fully electric, offered online only with a convenient care package and will be available for quick delivery. Getting a new Volvo was never this attractive.”
Volvo’s commitment to electric cars builds on growing pressure from legislation, as well as the expansion of high quality infrastructure globally to support the use of EVs.
The transition will be accompanied by an increased focus on online sales, with all fully electric models to be made available only online under the name Care by Volvo.
“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, Volvo Cars chief executive.
“We are fully focused on becoming a leader in the fast-growing premium electric segment.”
Volvo Cars revealed plans to roll out new electric models in the years leading to 2030. By 2025, the Company aims to make electric cars contribute 50 per cent to its global sales.
“There is no long-term future for cars with an internal combustion engine,” said Henrik Green.
“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.”