Volvo to go all electric by 2030

volvo

Volvo’s entire car line-up will be fully electric by 2030, the Chinese-owned company has revealed.

Volvo has joined 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.

Volvo said it will launch a new family of electric cars in the next few years, all of which will be sold online only.

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.

Last month, Ford Motor Co said its line-up in Europe will be fully electric by 2030, while Tata Motors unit Jaguar Land Rover said its luxury Jaguar brand will be entirely electric by 2025 and the carmaker will launch electric models of its entire line-up by 2030.

And last November, luxury carmaker Bentley, owned by Germany’s Volkswagen, said its models will be all electric by 2030.

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