Volvo announced that the company will only sell electric cars by 2030. In a decade it will be difficult to buy a car with a combustion engine. Several manufacturers are showing their plans to abandon these models.
General Motors pointed out 2035 as the date for this turning point, while Ford recently indicated that the company intends to make the leap in 2030. Volvo is also taking a step now. It won’t be possible to buy a car with a combustion engine by the end of this decade.
Volvo will only sell electric cars after 2030
The firm’s managers have taken a serious step with Volvo XC40 Recharge and they want to strengthen electric cars over the years. By 2025, electric cars are expected to account for 50% of its global sales, while the rest will be hybrids.
Hakan Samuelsson, CEO of the firm, explained how the combustion engine cars are “a declining business” and they want to “invest in the future”, i.e. in the “electric and connected” car.
The firm has also announced that its electric models can only be found in its online store and that it will work to offer a more simplified offer with pre-configured models that can meet the needs of its customers. This will include elements such as warranty, roadside assistance, insurance, or home charging point options.
The manufacturer has indicated that it will not invest in hydrogen fuel cell cars, suggesting that there is not enough demand, and it seems clear that for Volvo the future is clear and fully electric.