- General
- March 2, 2021
- 4 minutes read
Carmaker Volvo To Go Fully Electric By 2030
The latest global automaker to commit to transitioning to a fully-electric production output in the future is Swedish carmaker Volvo,…
The latest global automaker to commit to transitioning to a fully-electric production output in the future is Swedish carmaker Volvo, which has announced plans to become a fully electric car company by 2030. By then, the company says it intends to have phased out any car in its portfolio with an internal combustion engine, including hybrids, and transition to producing fully electric cars.
The announcement of Volvo’s grand plan comes a year after the company launched its first fully electric car, the XC40 Recharge, around the globe, and with just one fully electric car in its product portfolio now, it’s apparent that the automaker would need to put in hard work to achieve a fully-electric portfolio in nine years time.
To work towards its goal, Volvo has announced that it’ll roll out ‘several’ additional electric car models in the coming years, the word several making the number indistinct. The Swedish automaker is aiming for fully electric cars to make up half of its global sales by 2025 and then 100% of sales by 2030.
Volvo definitely has a grand plan here, as it’s a nine-decade-old carmaker looking to institute a major rehaul from internal combustion engine cars to fully electric cars in the span of nine years. “There is no long-term future for cars with an internal combustion engine,” the automaker’s chief technology officer Henrik Green said in a press statement.
Volvo is a European carmaker whose home base of Sweden is a member nation of the European Union (EU). Sweden passed a bill in 2019 to ban the sale of internal combustion engine cars in its vicinity by 2030 so it’s no surprise that Volvo is falling in line with the country’s law.
“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,” Volvo CTO Henrik Green said in a statement.
Photo credit: Volvo
