Volvo had already said that half of its global sales would be EVs by 2025.
Their first fully-electric vehicle, the XC40 Recharge, is on its way.
20% of this year’s sales involve electrified models.
Larger automakers, with countless models and trims, are having and will have a harder time adjusting to markets that plan on banning new internal combustion engine vehicle sales in 10 to 15 years. According to Volvo CEO, Hakan Samuelsson, they will be ready with a 100% electric lineup.
The Swedish car-company Boss says that firm deadlines for the end of combustion engine sales will have a greater impact on consumer adoption rates of EVs than incentives alone. As reported by Automotive News Europe (subscription required) Samuelsson said: “The way forward would be to have clear rules on when we need to exit the combustion engine. Once you have realized that the petrol and diesel engine are really not part of the future, it’s rather easy to see you have to move fast into the new world.”
Volvo is already well on its way to achieving full-EV automaker status offering numerous PHEVs and having just introduced the new XC40 Recharge. This year, 20% of all sales will include electrified models. By 2025, 50% of all global sales will be fully-electric models which explains why Samuelsson is confident they will be delivering 100% EVs by 2030.