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Volvo Aiming to Sell One Million Electric Vehicles by 2025

Accepted submission by Phoenix666 at 2016-04-22 17:22:46
Techonomics

Volvo has doubled down on electrification [gizmag.com]. It previously stated intentions of offering plug-in hybrid variants of every model, and it's been following through with the likes of the new S90 [gizmag.com] sedan and V90 [gizmag.com] wagon. It only plans to get more aggressive with electrification in the coming years, announcing this week that it hopes to sell up to one million electrified vehicles (all-electric and plug-in hybrid models), in total, by 2025. It will work toward that goal by creating two plug-in variants of every model and introducing its first fully electric car in 2019.
 

Volvo has already laid the groundwork for an aggressive rollout of hybrids and electrics, developing the Scalable Product Architecture [gizmag.com] (SPA) and Compact Modular Architecture (CMA), both of which can incorporate hybrid or all-electric powertrains. It plans to begin introducing at least one new chargeable vehicle each year, including an all-electric car in 2019.

It's nothing more than a press release, but it's another major brand signaling EVs will feature significantly in its future.


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