Volvo Cars has announced that it will moderate its previous ambitions to produce only electric cars by 2030 due to what it says are changing market conditions and customer demands.
Instead, the auto giant now plans for 90-100 percent of global sales to be electric vehicles and plug-in hybrids by 2030, meaning all cars will be battery-powered. The remaining 0-10 percent of sales will be a smaller number of mild hybrid models, if necessary, which represents a change compared to earlier plans to achieve complete electrification by 2030.
The company states that they expect that by 2025, electrified models will account for between 50-60 percent of total sales, and long before the end of the decade, Volvo will have a complete line of fully electric cars.
In its defense, Volvo Cars says that the process of full electrification will not be linear since charging infrastructure is developing more slowly than expected. Also, many governments are withdrawing incentives for electric vehicles, and the company states that more decisive policies are needed to support the transition to electric vehicles.
The CEO of Volvo Cars, Jim Rowan, expressed his belief that the future of the company is electric, but also noted that the transition will not be smooth and that markets move at different paces.
Volvo Kars currently has five fully electric vehicles on the market, while another five models are under development. The EX30 model is the third best-selling electric car in Europe, while plug-in hybrids, such as the XC60, are growing in popularity.
The company’s long-term goal remains to achieve net zero greenhouse gas emissions by 2040, as well as to reduce CO2 emissions per car by 65-75 percent by 2030 compared to the 2018 baseline.
Energy portal
Source: energetskiportal.rs
