Volvo Plans For 50 Percent Of Sales To Be EVs By 2025

Volvo Plans For 50 Percent Of Sales To Be EVs By 2025

Cheryl Sanders
April 26, 2018

Swedish premium manufacturer Volvo aims for fully-electric cars to make up 50 per cent of its global sales by 2025.

The news comes following Volvo's announcement that from 2019 all of its models will be available either as a mild hybrid, plug-in hybrid (PHEV) or EV.

It makes sense that Volvo made its announcement about its electric auto goals today, since China is now the world's leading market for electric cars. As Volvo CEO Håkan Samuelsson explained, "China's electric future is Volvo Cars' electric future".

Volvo's baby SUV, the XC40, has just won the European Car of the Year 2018 by beating the Seat Ibiza and the BMW 5-Series.

Volvo Cars now produces the S90 and S90L T8 Twin Engine in China.

For those of you who are into specs, the Polestar 1 coupé produces a total of 600 hp and 1,000 Nm (737 lb-ft) of torque and delivers 150 km (93 miles) of pure electric driving range - the longest of any hybrid vehicle in the world.

To highlight its intentions, Volvo's Beijing Auto Show booth is exclusively filled with vehicles plugged into faux charging cables. These expectations are also underpinned by growth forecasts for the segment over the next five years, as well as a growing middle-class population and China GDP growth trends driven by domestic consumption.

Talking at the Beijing motor show, Lynk&Co boss Alain Visser said: "Our European strategy has always been based on new technology powertrains, and the announcements here in Beijing today confirm that vision". The Electric Performance Hybrid powertrain consists of an internal combustion engine driving the front wheels, and a double electric rear axle drive system powering the rear wheels with electricity supplied by a 34-kWh battery.

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