Volvo to Become Fully Electric by 2030, World Premieres EV-Exclusive C40 | VOLVO
VOLVO
Volvo to Become Fully Electric by 2030
Volvo Cars has world-premiered the C40, a crossover model, as its new EV. Furthermore, it announced that it will increase the proportion of electric vehicle (EV) sales to 35 percent by 2025 and make all Volvo cars EVs by 2030, revealing its plan to become a fully electric vehicle manufacturer.
Aiming to Lead the Rapidly Growing Premium EV Market
Volvo has announced that it will phase out all models equipped with internal combustion engines, including hybrids, worldwide by 2030, transitioning to a pure EV lineup. The company aims to become a leader in the rapidly growing premium EV market.
The transition to a fully electric vehicle manufacturer is part of a plan to consistently reduce the carbon footprint per vehicle throughout its lifecycle. Simultaneously, it reflects expectations that consumer adoption of electric vehicles will accelerate due to new legislation and the rapid expansion of charging infrastructure.
Furthermore, Volvo will focus on online sales moving forward. CEO Håkan Samuelsson commented, "To continue to be successful, we need profitable growth. Therefore, we have chosen to invest in the future of electric cars and online, rather than investing in a shrinking business."
Following the announcement of the XC Recharge, its first fully electric EV, last year, the C40 is the first vehicle designed exclusively as an EV, which Volvo touts as a manifestation of its commitment to a zero-emission future.
The crossover-style C40 features a gently sloping roofline and rear-end design. Its new front design represents the new face of Volvo EVs, with headlights equipped with cutting-edge pixel technology.
Additionally, it incorporates a new infotainment system powered by the Android operating system, co-developed with Google, with software updates to be delivered online.
The C40 is scheduled for introduction to Japan around the fall of 2020.