Volvo aims for 50% of all cars sold to be electric by 2025
CEO Håkan Samuelsson stated “Last year, we made a commitment to electrification in preparation for an era beyond the internal combustion engine.” Then continued to add; “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.”
Volvo, recently announced that it would be launching a hybrid version of the XC40. This is part of a long term plan to introduce an electrified version of every model in its line-up from 2019. Every Volvo will be offered with a mild hybrid, hybrid or battery-electric powertrain option.
China is Volvo’s biggest market, with more than 100,000 of its vehicles being sold there in 2017. Volvo has already seen a 23% growth in sales in Q1 2018 in China and 14% globally.
