Volvo to sell only all-electric vehicles by 2030 – TechCrunch

by Jeremy

Volvo Cars said it will only make and sell all-electric vehicles by 2030, as part of a broader transformation of the automaker that will include shifting sales online.

“The key to sustainability is electrification, said Volvo Cars CEO Håkan Samuelsson during a presentation Tuesday. “Together with investments in charging infrastructure, that is the right way to go and the course we have chosen at Volvo.”

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The announcement was timed to the launch of the C40 Recharge, a low-slung crossover based on the company’s CMA vehicle platform. While the C40 is the second vehicle under Volvo’s EV-focused Recharge brand, it is the first model designed from the beginning as a battery-electric only vehicle. All Volvo vehicles with fully electric and plug-in hybrid powertrains are housed under the Recharge brand. Like the XC40 Recharge, the C40 will have an infotainment system powered by Google’s Android operating system and the ability to handle over-the-air software updates.

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Image Credits: Screenshot/Volvo

“It’s a car of firsts, and it’s a car of the future,” CTO Henrik Green said, adding that the C40 will have two motors, a 78-kilowatt-hour battery, and an estimated range of 420 km (260 miles) that will improve over time via software updates. C40 will go into production this fall and will be built alongside the XC40 Recharge at the Volvo Cars manufacturing plant in Ghent, Belgium, the company said.

Volvo, which China’s Geely Holdings, aims for 50% of its global sales to consist of fully electric cars, with the rest hybrids. By 2030, every vehicle it sells should be fully electric, the company said.

According to Samuelsson, the company is well on its way to its electrification goal, noting that last year one car out of three sold in Europe was a Recharge model, a chargeable plug-in hybrid.

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