Volvo said its goal is to have half of its global sales to be fully electric cars by 2025, with the remaining half made up of hybrids.
Volvo said it will make only electric vehicles by 2030. The Swedish automaker said on March 2 that it is phasing out the production of all cars with internal combustion engines — including hybrids.
“There is no long-term future for cars with an internal combustion engine,” said Henrik Green, Volvo’s chief technology officer.
Volvo’s announcement follows General Motors’ pledge earlier this year to make only battery-powered vehicles by 2035.
Volvo also said that, while its all-electric vehicles will be sold exclusively online, dealerships will “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.”
As part of the announcement on March 2, the Swedish automaker will unveil its second fully electric car, a…
