Volvo Cars
Volvo came out with its first all-electric car, the XC40 Recharge, last year, and made known that it would like for at least half of the sales to be electric by 2025, and for hybrids to consist of the other half.
"There is no long-term future for cars with an internal combustion engine. We are firmly committed to becoming an electric-only car maker and the transition should happen by 2030," said Henrik Green, Volvo Cars' chief technology officer, in a press release.
Additionally, Volvo plans to move to an online only sales model, which is taking a page out of Tesla's
"To remain successful, we need profitable growth," said CEO Hakan Samuelsson in a press release. "So instead of investing in a shrinking business, we choose to invest in the future--electric and online."
Volvo plans to be forward-thinking in the way that it moves toward a future of profitable growth and "to become a leader in the fast-growing premium electric segment," according to Samuelsson.
One of the primary reasons that Volvo plans to become fully electric is that it wants to reduce the life cycle carbon footprint, so as to contribute to the overall better global climate by eliminating fuel emissions from its automobiles. Very soon, the company intends to unleash another fully electric car, a new model its 40 Series, with more models expected in the near future as the company sets out to meet its climate goal.
Volvo now, more than ever, is focusing on a future filled with promise and expectation in terms of the types of cars that it sells and the trends that it hopes to market to the public. As it takes a positive move toward fighting climate change through the usage of these electric cars, time will tell as to whether Volvo will succeed in accomplishing its initial goals.
