Volvo has become the latest auto giant to commit to only building electric vehicles.
The Swedish automaker said on Tuesday that it plans to sell electric vehicles exclusively by 2030. All gasoline and diesel engines – including hybrids – will be phased out of its lineup on that date.
“There is no long-term future for cars with internal combustion engines,” said Henrick Green, Volvo technical director. “We are strongly committed to becoming a manufacturer of all-electric cars and the transition is expected to take place by 2030.”
The company, owned by Chinese group Geely, also announced that all of its new electric vehicles will only be sold online.
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Green said the shift to fully electric vehicles was sparked by changing customer demands and environmental concerns.
The transition will also help the automaker meet CO2 emission targets and bans on fossil fuel vehicles.
Volvo’s announcement comes just weeks after Ford and Jaguar Land Rover made similar commitments to phase out gasoline and diesel vehicles.
Volvo CEO Håkan Samuelsson acknowledged that Jaguar’s commitment had encouraged his company to “be a little more courageous”. Hopefully Volvo’s move will have a similar effect on competing automakers who have yet to make similar commitments.
Sources: Reuters, the guardian
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Published March 2, 2021 – 14:24 UTC