{"id":108807,"date":"2021-03-02T06:57:46","date_gmt":"2021-03-02T06:57:46","guid":{"rendered":"https:\/\/myfintale.com\/?p=108807"},"modified":"2021-03-02T06:57:46","modified_gmt":"2021-03-02T06:57:46","slug":"volvo-to-make-only-electric-vehicles-by-2030","status":"publish","type":"post","link":"https:\/\/myfintale.com\/industries\/volvo-to-make-only-electric-vehicles-by-2030\/","title":{"rendered":"Volvo to make only electric vehicles by 2030"},"content":{"rendered":"
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 \u2014 including hybrids.<\/p>\n
\u201cThere is no long-term future for cars with an internal combustion engine,\u201d said Henrik Green, Volvo\u2019s chief technology officer.<\/p>\n
Volvo\u2019s announcement follows General Motors\u2019 pledge earlier this year to make only battery-powered vehicles by 2035.<\/p>\n
Volvo also said that, while its all-electric vehicles will be sold exclusively online, dealerships will \u201cremain 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.\u201d <\/p>\n
As part of the announcement on March 2, the Swedish automaker will unveil its second fully electric car, a follow-up to last year\u2019s XC40 Recharge, a compact SUV. 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.<\/p>\n
Automakers around the world are ramping up production of electric vehicles as charging technology improves and governments impose stricter pollution regulations.<\/p>\n
\u201cWe are firmly committed to becoming an electric-only car maker,\u201d Green said. \u201cIt will allow us to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change.\u201d <\/p>\n
About 2.5 million electric vehicles were sold worldwide last year and industry analyst IHS Markit forecasts that to increase by 70% in 2021.<\/p>\n
Volvo says it sold 661,713 cars in about 100 countries cars worldwide in 2020. According to Autodata Corp., 107,626 of those vehicles were sold in the U.S..<\/p>\n
Founded in 1927, Volvo Cars has been owned by China\u2019s Zhejiang Geely Holding Group since 2010.<\/p>\n
Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 […]<\/a><\/p>\n<\/div>","protected":false},"author":3,"featured_media":108806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n