Volvo will only sell EVs by 2030 as it drops combustion engine cars – including hybrids and plug-in hybrids
Volvo has committed to only sell EVs by 2030 – and says that as soon as 2025, 1 in 2 new cars sold will not have a combustion engine.
The firm’s 2030 target includes phasing out hybrids and plug-in hybrids.
Chief executive Hakan Samuelsson says the market for combustion engine cars “is a shrinking one.
“Instead of investing in a shrinking business, we choose to invest in the future – electric and online.”
“There is no long-term future for cars with an internal combustion engine,” added chief technology officer Henrik Green.
“We are firmly committed to becoming an electric-only car maker.”
Volvo also says it will only sell electric cars online, adopting a fixed pricing model and reducing complexity to make deliveries quicker and easier.
The traditional dealer will not be replaced though, stresses the firm.
Retailers “remain a crucial part of the customer experience and will continue to be responsible for a variety of important services such as selling, preparing, delivering and servicing cars,” said head of global commercial operations Lex Kerssemakers.
Volvo will “fully and seamlessly” integrate online and offline.
Under the Care by Volvo name, buying an electric Volvo online will come with a package including servicing, warranty, roadside assistance plus insurance and home charging options.
Volvo’s online store will have far fewer steps involved in signing up for an electric Volvo – and preconfigured cars will be offered for simple ordering and fast delivery.
Fixed, transparent prices will “eliminate” the need for negotiations and build trust.
Volvo’s first electric car, the XC40 Recharge, was launched in 2020. It is now preparing to reveal its second all-electric car, another family-sized ’40-series’ version.