Wednesday, January 15, 2025

Volvo scraps ceilings on only building electric cars in 2030

Volvo has until now stubbornly denied anything other than that it only wants to build electric cars by 2030 at the latest. But now the Swedish-Chinese brand is backing off.

After all, it will not be Volvo, which in 2030 only builds electric cars. The brand had otherwise promised. The director refuses to call it a ceiling breach.

– We are pragmatic and flexible, while maintaining an industry-leading position in electrification and sustainability, says managing director Jim Rowan.

This appears from a press release that Volvo sent out on Wednesday afternoon this week.

After saying goodbye to the diesel engine, which may not now be considered particularly definitive either, Volvo now makes it clear that you cannot do without the petrol car and the hybrid drivetrain.

READ ALSO: Sweden refuses to reintroduce state subsidies for electric cars

However, the director at Volvo Cars is still convinced that electric cars deliver a superior driving experience. This even though he is at the head of a brand which is currently delivering electric cars that are full of errors. Read more about it here.

– An electric car provides a superior customer experience and increases the opportunities to use advanced technology that improves the overall customer experience.

– However, it is clear that the transition to electrification will not be linear, and customers and markets move at different speeds. We are pragmatic and flexible, while maintaining an industry-leading position in electrification and sustainability, says Jim Rowan.

Now it is said that Volvo only has one goal of becoming a purely electric car brand. There's just no date or year put on that goal. Conversely, Volvo now believes that between 90 and 100 percent of its cars will be at least 'electrified' by 2030.

In the second quarter of 2024, Volvo could tell the world that the share of pure electric cars made up 26 percent of sales. The highest share among car brands that Volvo is said to compare with.

Volvo also has to admit that it cannot live up to its own targets for reducing the CO2 level from production at the brand's factories. For today, Volvo promised that by 2030 it will have lowered its CO2 level by 75 percent compared to 2018. Now Volvo dares not say anything other than that it will drop by 65 percent.

Read more exciting news from and about the world of cars right here!

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