Volvo 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 decision also builds on the expectation that legislation as well as a rapid expansion of accessible high-quality charging infrastructure will accelerate consumer acceptance of fully electric cars.

Volvo’s move towards full electrification comes together with an increased focus on online sales and a more complete consumer offer under the name Care by Volvo. As a matter of fact, all fully electric models will be available online exclusively, which means Volvo dealerships will be no more by the end of the decade. Think about that.

Photo: Volvo

The 2030 ambition represents an acceleration of Volvo’s electrification strategy, driven by strong demand for its electrified cars in recent years and a firm conviction that the market for combustion engine cars is a shrinking one.

“To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future—electric and online,” said Volvo CEO Håkan Samuelsson. “We are fully focused on becoming a leader in the fast-growing premium electric segment.”

Volvo launched its first fully electric vehicle, the XC40 Recharge, in markets around the globe last year. Don’t miss our other story presenting the all-new C40 Recharge, a coupe-like crossover that was revealed today.

Share on Facebook

More on the subject

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 …
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 …
NewsVolvo 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, …
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 …
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 …
NewsVolvo Wants Fewer Sedans and Wagons, More SUVs
If there’s one automaker famous for building wagons, it’s Volvo . You just couldn’t write the story of the Swedish manufacturer without long-roof cars. But times are changing. SUVs and crossovers are all the rage now, and Volvo feels the need to adjust. Without completely abandoning sedans and wagons, the …
NewsVolvo XC60 Gets Cleaner Looks, Adds Google for 2022
The current generation of the Volvo XC60 , which dates back to 2018 and won the World Car of the Year award at the time, is getting a mid-cycle update for 2022. Designers have made small changes to the exterior, including the front grille and bumper. The difference is hardly …
NewsVolvo Asked Fans to Imagine the Car Garage of the Future
Automakers are starting to use new techniques and materials to make their vehicles greener and more sustainable. House and building designers have been doing the same for many years now, with LEED certification a token of environmental friendliness. That’s what prompted Volvo Canada to launch The New Garage design challenge.
Comments