Volvo Cars to be fully electric by 2030
GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ -- Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030.
- GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ -- Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030.
- By then, the company intends to only sell fully electric cars and phase out any car in its global portfolio with an internal combustion engine, including hybrids.
- The 2030 ambition represents an acceleration of Volvo Cars' electrification strategy, driven by strong demand for its electrified cars in recent years and a firm conviction that the market for combustion engine cars is a shrinking one.
- Volvo Cars launched its first fully electric car, the XC40 Recharge, in markets around the globe last year.