Volvo Says 50% Of Car Sales Will Be All-Electric By 2025

APR 25 2018 BY MARK KANE 9

Volvo Cars raised the bar for the electrification goal. The new goal is to achieve all-electric car sales share of 50% by 2025!

The Swedish company had previously announced that from 2019 on, all new models would be at least hybrids (or plug-in hybrid/all-electric).

It’s one of the boldest statements among manufacturers that we’ve seen to date.

Volvo XC40 T5 plug-in hybrid

“Volvo Cars, the premium car maker, aims for fully electric cars to make up 50 per cent of its sales by 2025, the company announced today.

The announcement builds on Volvo Cars’ 2017 industry-first announcement that all new models released from 2019 will be available as either a mild hybrid, plug-in hybrid or battery electric vehicle.”

So far, Volvo’s been focused on plug-in hybrids and we still have yet to see a production all-electric Volvo, so the upcoming move must be strong to dream of that 50% goal in just 7 years time.

Read Also – Volvo, FCA, PSA and Jaguar In Talks To Join IONITY, Tesla Too

Volvo XC40 T5 plug-in hybrid
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A big part of the strategy for Volvo will involve China.

“The company’s strategy to generate half of its sales from electric cars by 2025 positions it as a powerful player in China, the world’s leading market for electrified cars.

The Chinese government plans to have new-energy vehicles account for more than 20 per cent of the country’s annual car sales by 2025, which equates to more than seven million vehicles, based on Chinese government forecasts.

Volvo XC40 T5 plug-in hybrid

“Last year we made a commitment to electrification in preparation for an era beyond the internal combustion engine,” said Håkan Samuelsson, president and CEO of Volvo Cars. “Today we reinforce and expand that commitment in the world’s leading market for electrified cars. China’s electric future is Volvo Cars’ electric future.”

Volvo Cars currently produces the S90 and S90L T8 Twin Engine in China. This week marks the start of production for the XC60 T8 Twin Engine in China, meaning that soon all three Volvo Cars China plants – Luqiao, Chengdu and Daqing – will produce either plug-in hybrid or battery electric cars.

Today at the Beijing Auto Show, Volvo Cars will visually reinforce the company’s position as an industry leader in electrification with all cars on display plugged-in. The event marks the first time the company displays only plug-in hybrid vehicles at an auto show.

In another first, side-by-side on stage, the company is displaying its three globally-available Volvo SUVs: the XC90, XC60 and the new XC40. Beijing also marks the first public appearance for the T5 plug-in hybrid version of the new XC40.

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.

The early success of the XC40 supports Volvo Cars’ expectations of strong demand for its new small SUV in China. 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.

China is Volvo Cars’ largest individual market and this year delivered a 23.3 per cent first quarter sales increase, contributing to the company’s first-quarter global sales growth of 14 per cent. Volvo car sales in China last year passed 100,000 units for the first time.

The local launch of the new XC40 and the company’s deepened commitment to electrification leave Volvo Cars well-positioned to deliver on its ambition to further boost its share of the world’s largest car market.”

Categories: Volvo

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9 Comments on "Volvo Says 50% Of Car Sales Will Be All-Electric By 2025"

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“Volvo Says 50% Of Car Sales Will Be All-Electric By 2025”

Should be:

“Volvo Says 50% Of THEIR Car Sales Will Be All-Electric By 2025”

Look, I love you guys, but the headlines coming out on this site of late are edited to be sensationalized. I don’t think you want a reputation for doing this. Insideevs has a good brand name. Please respect it.

The THEIR is assumed. We didn’t do it for clicks. We did it because titles can only be so long and the information is in the body of the story, as well as the story description, and the subhead. We weren’t trying to sensationalize, but rather make it fit and be concise. Not every detail is able to fit in the title, and we’re told to keep titles short and leave the details for inside the story. Sorry if it seemed otherwise. That’s never our intention. Thanks for your insight.

Hi – in this case you could have given a bit more context – like that Volvo cars a lot more expensive than your average car and therefore if Volvo’s estimate is aggressive, this adds up to the EV market having a much lower share than 50% overall by 2025.

I’ll say I assumed it was Volvo to be 50% of their cars. What else would/could Volvo claim legitimately?

15 years and 50% behind Tesla, but ahead of most other car companies.

As in Mazda asleep at the wheel.

volvo will turn all their cars to electric or hybrid, starting from now
new EV models are coming, XC50 , polestar……. etc.

60% of the time, it’s electric every time..

This is great, sounds like Volvo is committed…