Swedish automaker Volvo wants to sell a total of up to one million electrified cars by 2025. The plan is to offer at least two hybrid versions of every model in its range and, as previously announced, to release the first all-electric Volvo in 2019.
“It is a deliberately ambitious target,” said Håkan Samuelsson, president and chief executive. “It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.”
This announcement is five years in the making. It all started with the development of two completely new vehicle architectures for larger and smaller cars ― known as Scalable Product Architecture (SPA) and Compact Modular Architecture (CMA) ― that can incorporate either hybrid or fully electric car technology. The first one is designed for 90 series and 60 series models, while the second will underpin 40 series cars.
Volvo also has made a commitment to impose climate-neutral operations by 2025.