Volvo to Stop Selling Gasoline Cars in 2025

Volvo has pretty big ambitions when it comes to electrification. As previously reported, the Swedish automaker aims to sell at least one million EVs by 2025 and for them to account for half of its total sales at that point.

Now, get this: the other half will be hybrid models, which means Volvo will stop selling gas-only cars and SUVs in less than five years.

The company made it official while announcing major investments to allow for the in-house design and development of electric motors for the next generation of Volvo models (based on the SPA 2 platform). A new electric motor lab recently opened in Shanghai, China, joining the one in Gothenburg, Sweden as well as state-of-the-art battery labs in these two countries.

Photo: Volvo

Volvo claims that bringing the development of electric motors in-house will allow its engineers to further optimize components and systems to achieve new gains in terms of energy efficiency and overall performance, which will in turn create an electric driving experience that is unique to Volvo, according to chief technology officer Henrik Green. 

The all-new Volvo XC40 Recharge, which is the brand’s first fully electric vehicle, will go on sale in Canada later this fall as a 2021 model. Pricing starts at $64,950 plus freight and delivery, which is too expensive to qualify for a $5,000 rebate from the federal government.

Getting rid of gas-only models is part of Volvo’s comprehensive climate plan which addresses carbon emissions across all its operations and products, towards its ambition to become climate-neutral by 2040.

Photo: Volvo
Share on Facebook

More on the subject

NewsVolvo Valet Contactless Delivery App Rolls Out in Canada
With COVID-19 requiring a number of health and safety measures that are affecting our daily lives and habits, car dealerships—just like most other businesses—need to adapt. The latest example comes from Volvo Canada with its new Volvo Valet service. It’s a mobile app for owners and lessees of Volvo vehicles …
ElectricVolvo XC40 Recharge Pricing Announced for Canada
The all-new Volvo XC40 Recharge , the fully electric variant of the small XC40 crossover, will go on sale in Canada later this fall as a 2021 model. And we finally know how much it costs. Pricing starts at $64,950 plus freight and delivery. If you do the math, that …
New ModelsFully-electric Volvo XC40 Recharge Unveiled with 335 Km of Range
Volvo today introduced the XC40 Recharge, its first-ever fully electric car and the first model to appear in its brand new Recharge vehicle line. Instead of creating a whole new product, the Swedish automaker decided to build on its latest star, the XC40 small crossover. And unlike the plug-in hybrid …
First Drives2019 Volvo V60: The World’s only PHEV Wagon
Following recent updates to the S60, Volvo has modernized the V60 wagon. We were invited to drive the vehicle in its home country of Sweden. Wagons have been part of the Volvo tradition for decades, but the V60’s segment is waning with few players left on the field. There’s the …
NewsWatch: Why is Volvo Dropping Cars Off a 30-Metre Crane?
There are several types of collision tests designed to validate a car’s crashworthiness and ensure occupant safety, like the ones performed by the U.S. Insurance Institute for Highway Safety (IIHS), but we bet you’ve never seen anything like this. In Sweden, Volvo is dropping cars off a 30-metre crane not …
Test Drives2020 Volvo XC90 T8: Swedish Classic With a Green Twist
The Volvo XC90 is a midsize luxury SUV with a unique silhouette and available plug-in hybrid powertrain that maximizes performance and fuel economy. Over the years, it has become the Swedish brand’s flagship vehicle. With the increasing popularity of SUVs in all shapes and sizes, the XC90 is now the …
ElectricVolvo’s Second Electric Vehicle to Debut in Late Winter
Volvo , which aims to sell at least one million electric vehicles by 2025 and stop offering gas-only cars and SUVs at the same time, will soon unveil the second piece of its EV offensive. The Swedish automaker indeed plans to debut on March 2 a new electric car to …
First Drives2021 Volvo XC40 Recharge: Stop Calling Me Polestar!
Ever since Polestar became a standalone brand, there’s been some confusion around Volvo vehicles. Polestar models used to be the performance variants in the Swedish automaker’s portfolio, then the plug-in hybrid options. To make things clearer for potential Volvo customers, the Polestar name will be phased out, and electrified vehicles …
NewsSynthetic Fuels as Clean as EVs, Porsche Claims
The bell tolling for internal combustion engines is getting louder and louder. Around the world, governments including Canada are announcing plans to ban the sales of ICE-powered cars by the end of the next decade to make room for fully electric vehicles. In the meantime, automakers are still looking for …
NewsVolvo to Become Fully Electric by 2030, Sell EVs Online Exclusively
Volvo has announced plans to become a fully electric car company by 2030. By then, the Swedish automaker intends to only sell fully electric vehicles and phase out any model in its global portfolio with an internal combustion engine, including hybrids. However, the dealerships should remain operating in Canada. Its …
News2022 Volvo C40 Unveiled as Coupe-style Electric Crossover
While announcing plans to become a fully electric car company by 2030 and sell vehicles online exclusively, except in Canada where dealerships are going to stay in business, Volvo unveiled its second EV today. Meet the 2022 Volvo C40. This coupe-like crossover is basically a sleeker and sportier variant of …
Comments