Every new Volvo model will also be electrified from 2019.
Volvo recently announced it won’t be producing any new models for the next few years to focus on its electrification plans, but now the bigger picture is becoming clear. We already know that Volvo wants to electrify every model in its lineup, but now the Swedish automaker has revealed its ambitious sales target for upcoming pure EVs. By 2025, Volvo wants fully electric cars to make up half of the company’s sales to capitilize on the proliferation of EVs in China where the automaker’s parent company, Geely, is based.
By 2025, the Chinese government plans to have alternative-energy vehicles account for more than 20 percent of the country’s annual car sales, which equates to more than seven million vehicles. As a result, Volvo will start introducing an electrified version of every model in its line-up from 2019. Every new Volvo will be offered with a mild hybrid, hybrid or battery-electric powertrain option. “Last year we made a commitment to electrification in preparation for an era beyond the internal combustion engine,” said Hakan Samuelsson, 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.” China is currently Volvo’s biggest market, having sold over 100,000 cars in the People’s Republic last year alone. This year also saw a 23 percent growth in sales for the first quarter in China, helping Volvo record a 14 percent global increase in the year to date. Volvo is expected to unveil its first EV, a fully electric hatchback, sometime in 2019.