Betting on death of petrol cars, Volvo to go all electric by 2030

LONDON - Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.

The Swedish carmaker said 50% of its global sales should be fully-electric cars by 2025 and the other half hybrid models. Carmakers are racing to switch to zero-emission models as they face CO2 emissions targets in Europe and China, plus looming bans in some countries on fossil fuel vehicles. Electrification is expensive for carmakers and as electric vehicles have fewer moving parts, auto employment is expected to shrink.

Volvo said it will “radically reduce” the complexity of its model line-up and provide customers with transparent pricing.

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Awesome.

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Volvo for life

Volvo 👍

Wow... I didn't think that as an unpatriotic Swede, the tag 'Chinese-owned' would rub me any kind of wrong. But it does. Real wrong.

Volvo is owned by china.

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Araba fabrikası yapacağımıza 1.8 milyar dolara Volvoyu almamız gerekirdi.

What about the environmental costs of electric batteries and the exploitation of children in Africa to supply the battery producers?

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