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Volvo vows to make only electric vehicles by 2030

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Automakers around the globe are ramping up manufacturing of electrical automobiles as charging know-how improves and governments impose stricter air pollution rules.

WASHINGTON — Volvo says it can make solely electrical automobiles by 2030. However if you need one, you will have to purchase it on-line.

The Swedish automaker stated Tuesday that it’s phasing out the manufacturing of all vehicles with inner combustion engines — together with hybrids.

“There isn’t any long-term future for vehicles with an inner combustion engine,” stated Henrik Inexperienced, Volvo’s chief know-how officer.

Volvo’s announcement follows Normal Motors’ pledge earlier this yr to make solely battery-powered automobiles by 2035.

Volvo additionally stated that, whereas its all-electric automobiles will probably be offered completely on-line, dealerships will “stay a vital a part of the client expertise and can proceed to be accountable for a wide range of vital companies reminiscent of promoting, making ready, delivering and servicing vehicles.”

As a part of the announcement Tuesday, the Swedish automaker will unveil its second absolutely electrical automotive, a follow-up to final yr’s XC40 Recharge, a compact SUV. Volvo stated its objective is to have half of its world gross sales to be absolutely electrical vehicles by 2025, with the remaining half made up of hybrids.

Automakers around the globe are ramping up manufacturing of electrical automobiles as charging know-how improves and governments impose stricter air pollution rules.

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“We’re firmly dedicated to turning into an electric-only automotive maker,” Inexperienced stated. “It is going to permit us to satisfy the expectations of our prospects and be part of the answer in terms of preventing local weather change.”

Regardless of the rising variety of EVs obtainable within the U.S., absolutely electrical automobiles accounted for lower than 2% of latest automobile gross sales final yr. People proceed to spend file quantities on gas-powered vehicles and SUVs.

About 2.5 million electrical automobiles had been offered worldwide final yr and trade analyst IHS Markit forecasts that to extend by 70% in 2021.

Volvo says it offered 661,713 vehicles in about 100 nations vehicles worldwide in 2020. In accordance with Autodata Corp., 107,626 of these automobiles had been offered within the U.S.

Based in 1927, Volvo Vehicles has been owned by China’s Zhejiang Geely Holding Group since 2010.

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