Volvo's promise of an all-electric lineup that the company targeted for 2030 will not exactly happen as the Swedish car company is now pushing back its goal to a later time. The company has acknowledged that certain factors have led to this decision.
However, there will still be a massive change by the end of the decade as Volvo will now push for more plug-in hybrid EVs (PHEVs) and mild hybrids that will join its EV lineup soon.
Volvo to Push 2030 'EVs Only' Goal to Later
The latest press release from Volvo says that the company can no longer achieve its goals to go fully electric that they set for the end of this decade. The reasons given by the company are changing market conditions and customer demands.
Still, the company is still looking to accomplish other goals in the coming years, including their plans for 2025 wherein 50% to 60% of products will be electric. As of press time, Volvo now has five fully electric model already in the market, including the EX40, EC40, EX30, EM90, and EX90.
Volvo plans to also add five more to these existing models, which will complete its fully electric program. However, it remains to be seen how this will play out for the company.
Read Also: Volvo EV Production Moves From China to Belgium Ahead of EU Decision on Chinese EV Import Tariffs
Volvo PHEVs, Mild Hybrids to Join its EVs in 2030 Lineup
While Volvo might not able to fulfill its goal of a fully-electric line up by 2030, it will be bringing more PHEVs and mild hybrids to its lineup instead. This will make up 90% to 100% of its global sales volume by 2030. This will feature a mix of fully electric vehicles, plug-in hybrids, and mild hybrids from Volvo.
It should be noted that Volvo has not mentioned anything about phasing out internal combustion engines (ICEs). All of these is to believed to contribute to Volvo's zero greenhouse gas emissions goal for 2040.
Volvo and its Electrification Program
One of the car brands that focused on adding EVs to its lineup is Volvo. In fact, back in 2017, the company revealed that it's looking to put out a vehicle that can rival Tesla's Model 3 that would be available at a low price but come with more range.
In the past years, Volvo has been known for its clean-energy solutions, and the company even pledged that by 2030, it will have a fully-electric lineup powered only by batteries. Volvo is still in the midst of developing its PHEV and mild hybrid lineup, which will offer customers with a clean energy solution.
With its plan to shift to electric vehicles, Volvo has had to deal with numerous setbacks along the way. Still the company is still making an effort to fulfill its zero-emissions goal that has been set for 2040.
Related Article: Volvo's US Deliveries for Cheapest EV Model, EX30 Delayed Until 2025
