Volvo To Be Fully Electric By 2030

Volvo are committed to only sell fully electric car models by 2030. The phasing out of any car with an internal combustion engine, including hybrids, is part of Volvo's ambition to become a leader in the fast-growing premium electric car market. 

The company’s transition towards becoming a fully electric car maker is part of its ambitious climate plan, which seeks to consistently reduce the life cycle carbon footprint per car through concrete action. 

Its decision also builds on the expectation that legislation as well as a rapid expansion of accessible high quality charging infrastructure will accelerate consumer acceptance of fully electric cars.  

“To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future,” said Håkan Samuelsson, chief executive. “We are fully focused on becoming a leader in the fast-growing premium electric segment.” 

“There is no long-term future for cars with an internal combustion engine,” said Henrik Green, chief technology officer. “We are firmly committed to becoming an electric-only car maker and the transition should happen by 2030. It will allow us to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change.” 

Last year Volvo launched its first fully electric car, the XC40 Recharge. And only this week Volvo launched the all-new C40 Recharge. 

The C40 Recharge hosts twin electric motors, one on the front and one on the rear axle, powered by a 78kWh battery that can be fast charged to 80 per cent in about 40 minutes. It offers an anticipated range of around 420 km, which is expected to improve over time via over-the-air software updates.

The C40 Recharge will go in production later this year and will be built alongside the XC40 Recharge at the Volvo Cars manufacturing plant in Ghent, Belgium.

Following the introduction of the XC40 Recharge and now the C40 Recharge, in coming years Volvo Cars will roll out several additional electric models, with more to follow. Already by 2025, it aims for 50 per cent of its global sales to consist of fully electric cars, with the rest hybrids. By 2030, every car it sells should be fully electric.