Volvo Announces Sales Target Of One Million Electrified Cars By 2025

1 year ago by Steven Loveday 12

Volvo publicized its goal to sell one million electrified vehicles (HEV, PHEV & BEVS) by 2025. The Swedish company intends to release its first fully-electric vehicle by 2019, all the while assuring a minimum of two hybrid options for each one of its current models.

President and CEO, Håkan Samuelsson, said:

“It is a deliberately ambitious target. It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.”

This new plan is part of Volvo’s newly adopted strategic sustainability program. The program puts emphasis on future sustainability. It is being referred to as omtanke, meaning “consideration or caring”.

Samuelsson explained:

“Sustainability is nothing new or something that sits outside our operations, it is something that forms an integral part of everything we do. It is simply our way of operating. This new sustainability commitment reflects Volvo Cars’ fundamental belief that we must also grow responsibly.”

Two new architecture plans, Scalable Product Architecture (SPA) and Compact Modular Architecture (CMA), have been developed by the company over the past five years, to prepare for the new initiative. Both are set up for hybrid or fully-electric accommodation. Larger vehicles like the 90 and 60 series use the SPA base. Upcoming 40 series vehicles will be built on the CMA foundation.

Aside from sustainability, Volvo is making many other new commitments for the future as well. Included in these is to employ women in 35 percent of its leading positions. Also, the company hopes that by 2020, there will be no deaths or serious injuries in any of its new vehicles.

To date, Volvo has sold just under 30,000 plug-ins through March 2016.

The Volvo Cars website contains the full Sustainability Report for viewing.

Source: Volvo

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12 responses to "Volvo Announces Sales Target Of One Million Electrified Cars By 2025"

  1. ALAA says:

    Will they last that long?
    Without a battery factory they have no chance.

  2. Rob says:

    PHEV cars are not going to be selling well in two years. Why make big commitment to yesterday’s technology? One BEV barely gets them in the game.

    1. Mikael says:

      *lol* PHEVs will be selling well for at least a decade or two.

      You do know that there is a ~80 million car market that has to transform into lower emission car sales? It will take a lot of time and no matter if you like it or not Volvo is among the front runners in electrification among traditional car makers and a decade from now traditional car makers still dominate the market massively.

  3. PG says:

    EVs now,thank you!

  4. Someone out there says:

    They are late to the party, announcing an underwhelming goal. Volvo is not even going to make it to 2025.

    1. tostik says:

      Volvo won’t make it 2025??? Let’s exam a few facts.

      1. Profit tripled in 2015 from 2014.

      2. Cash reserves doubled in 2015.

      3. Record Volvo sales in 2014 of 465,000 cars
      Record Volvo sales in 2015 of 503,000 cars

      3. Paid off the last of the Geely guaranteed
      loan of $11 bil.

      4. US sales up 80+% in the 4th quarter of 2015.

      I could go on, but I’ll stop there. Volvo is not only prospering, it’s white hot. Yes Volvo will be around in 2025.

  5. Rick Danger says:

    “It is a deliberately ambitious target. It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.”

    Yeah… a BEV in 2019 will put you right at the forefront.

    LOL

    1. ModernMarvelFan says:

      That model 3 won’t replace the XC90 PHEV with 7 passenger capacity.

  6. Alain says:

    Let’s hope it s not 84 milles

    1. Mikael says:

      Volvo has said that when they will do a BEV it will go more than 500 km on electricity (310 miles).

      So in other words ~100 kWh to start with.

      The most likely candidate according to journalists and people close to Volvo is that it will be the new XC60 that will be their next BEV.

  7. Joe says:

    I have high hopes for a V70 EV with 200+ miles range. Volvo would be the first automaker to offer an EV wagon and this is their traditionally strongest body type anyway. Nordic folks simply lug around lots of gear for their various sports activities, long distance travels and the like. So an EV with ample trunk space makes total sense to me.

    However, I have the feeling they might make their first full EV after the C30 rather a GM Bolt / BMW 2 series / MB B class/ VW Touran competitor. Volvo never produced any minivans before, but have played with that idea in the past when they considered making a minivan based on the Mitsubushi Space Star (if I remember correctly). Done right, this could be a great sales hit. Volvo build quality, design and relaxed long-distance handling comfort paired with an EV skateboard design that provides ample cabin and trunk space. maybe like the Bolt but good looking 😉

    Anyway, Volvo, make your EV 200+ miles (EPA! not NEDC) and get it out asap. And how about Supercharger compatibility? The Nordics already pretty good charging coverage and Volvo would have an extra bonus by riding the Tesla wave and be the first manufacturer to (not be too proud) to join forces with Tesla. I would love that idea! And given Volvos current sales and growth figures, there is much potential for a Nordic industry challenger (design-wise they are already). Exciting speculations and even more exciting future ahead 😉