Volvo has announced its plans over the next nine years and this plan includes being fully electric by 2030.
Volvo said that by then they intend to only have fully electric cars for sale and have their internal combustion engines phased out from their global portfolio.
The move comes as part of a larger climate plan to reduce the carbon footprint per car
Consumer acceptance will accelerate with legislation and with the swift development of charging infrastructure, electric cars will be more viable.
What You Need to Know
The company said that the move towards electric will be aided by online sales and there will be a complete consumer offer, which will fall under the name ‘Care by Volvo’. There has been a strong demand for their electric cars in recent years and they believe that combustion engine cars are a shrinking market.
Instead of investing in a shirking market, Volvo wants to look to the future, which is online and electric.
The XC40 Recharge was the first fully electric model from Volvo, which was available in 2020 and according to Volvo, a new model in the 40 series is coming.
In the years to come, there will be plenty of electric cars being rolled out and Volvo aims to have 50% of their global sales be electric by 2025.
What is Care by Volvo
Volvo has created Care by Volvo which is a new customer offering as they shift their focus on reducing their carbon footprint.
Care by Volvo is aimed at creating a stronger bond with the customer and retail partners. They will also be investing heavily to simplify the buying process through their online sales platform.
Also, electric cars have been made available online only as part of the program.
Volvo wants to create a complete and convenient customer offering under Care by Volvo combined with online sales.