Volvo Cars aims for 50% fully electric sales by 2025

Volvo 50% of cars sold in 2025 will be electrified

VOLVO has said it wants electric vehicles to make up 50 per cent of its sales by 2025. "China's electric future is Volvo Cars" electric future'.

As a result, Volvo will start introducing an electrified version of every model in its line-up from 2019. Beijing also marks the first public appearance for the T5 plug-in hybrid version of the new XC40. This is the first time, says Volvo, when only plug-in hybrid cars (PHEVs) are being shown at an auto event.

The Chinese government plans for all "new-energy" vehicles to account for 20 per cent of sales - which it estimates will be more than seven million vehicles.

It will launch its first fully electric auto, a hatchback, in 2019, and has stated that it won't launch any more all-new models until it is done offering electrified versions of its existing range.

China is Volvo's biggest market, with more than 100,000 of its cars selling there past year.


"We recognize the Chinese market's potential for electric vehicles, and Polestar has the strength to take advantage of these opportunities", explained Wu.

The Polestar 1's high price mostly reflects the car's hybrid performance, as its electric motor and internal combustion engine produce a combined output of about 600 horsepower and 737 pound-feet of torque.

The new XC40 was recently crowned 2018 European Car of the Year and has already amassed more than 60,000 orders globally since its launch in late 2017, even though Volvo Cars is yet to open order books in China.

Samuelsson was joined on stage at the end of his speech at the Beijing show by Volvo chairman Li Shufu, who owns parent company Geely, and thanked him for his support of the Swedish manufacturer.

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