Published on April 25th, 2018 | by James Ayre0
Volvo Cars Aiming For 50% Of Sales To Be EVs By 2025
April 25th, 2018 by James Ayre
The Geely-owned auto manufacturer Volvo Cars is now aiming for at least 50% of its car sales to be of all-electric models by the year 2025. The images below, which came along with the press release, are of a plug-in hybrid soon to be released … because Volvo doesn’t yet have and hasn’t shown any fully electric cars.
These plans build on earlier revealed ones to switch over to an entirely electrified — that is, mild hybrid, plug-in hybrid (PHEV), and all-electric (EV) — model lineup onwards from 2019.
Given that Volvo Cars is now owned by China-based Geely, and that the EV market in China is booming, the new plans aren’t surprising at all — and simply stand to put the company on firm footing in the world’s top auto market.
“Last year we made a commitment to electrification in preparation for an era beyond the internal combustion engine,” explained Håkan Samuelsson, the President and CEO of Volvo Cars. “Today we reinforce and expand that commitment in the world’s leading market for electrified cars. China’s electric future is Volvo Cars’ electric future.”
A press release provides more: “The Chinese government plans to have new-energy vehicles account for more than 20% of the country’s annual car sales by 2025, which equates to more than 7 million vehicles, based on Chinese government forecasts…This week marks the start of production for the XC60 T8 Twin Engine in China, meaning that soon all three Volvo Cars China plants — Luqiao, Chengdu and Daqing — will produce either plug-in hybrid or battery electric cars…The local launch of the new XC40 and the company’s deepened commitment to electrification leave Volvo Cars well positioned to deliver on its ambition to further boost its share of the world’s largest car market.”
For further information on Volvo Cars’ other plans, see: Volvo Cars CEO: Newest Generation Of Diesel Engines Likely Our Last.