Bengaluru, NFAPost: Volvo has vowed to join the all-electric car makers list in the footsteps of Ford and Jaguar Land Rover as confirmed in its announcement on Tuesday. The Swedish automaker has plans to phase out all petrol and diesel engines including hybrids from its production lineup by 2030, as the company intends to sell only EVs by that date.
“There is no long-term future for cars with an internal combustion engine,” pointed out Henrick Green, Volvo’s chief technology officer.
“We are firmly committed to becoming an electric-only car maker and the transition should happen by 2030.”
The company, owned by China’s Geely group, also confirmed its plans to shift all EV sales online as part of the announcement.
Why Volvo is Transitioning to All-Electric Vehicles by 2030?
The transition to all-electric vehicles is forced by the rising environmental concerns with global CO2 emissions and impending bans on bio-fuel based vehicles. Green admitted the company’s move was influenced by several of these factors that have led to the changing consumer demands in recent times.
Volvo seems to have joined the all-electric bandwagon close on the heels of Ford and Jaguar, who made similar announcements to phase out their bio-fuel based vehicles.
Jaguar’s vow to produce only electric vehicles going forward, has reportedly inspired Volvo “to be a bit braver” as admitted by Hakan Samuelson, Volvo’s Chief Executive. Hopefully, we may see more rival carmakers adopting this new transformation in Volvo’s footsteps soon.
Source: Reuters, The Guardian