Volvo Cars plans to become a leader in the production of electric vehicles by 2030.
The automaker is going to focus on building battery-powered cars. By 2030, the company wants to remove from the lineup all cars powered by an internal combustion engine, including hybrids.
Volvo is on track to meet its climate plan, which aims to reduce air and environmental pollution from vehicle operation.
The management of the corporation believes that the demand for electric cars will grow, which will be facilitated by changes in the legislation of different countries and an increase in the number of high-quality charging stations.
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Soon the company will present new models of electric cars, which can only be purchased via the Internet.
Håkan Samuelsson, the current CEO of Volvo, is confident that the future lies in electricity and online.
The market for cars with internal combustion engines is gradually shrinking, so the company has decided to invest in the growing segment of the automotive industry.
The company expects that by 2025, half of its sales will come from electric cars and the other half from hybrids.
In 2020, Volvo Cars began selling its first self-produced electric car, the XC40 Recharge.
According to the results of the last year, the world sales of Volvo decreased by 6.2% year on year, to 661,713 thousand cars.