Betting on death of petrol cars, Volvo to go all electric by 2030
https://www.reuters.com/article/us-autos-volvo-electric-idUSKBN2AU0AUMARCH 1, 2021
Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of automakers planning to phase out fossil-fuel engines by the end of this decade.
“I am totally convinced there will be no customers who really want to stay with a petrol engine,†Volvo Chief Executive HÃ¥kan Samuelsson told reporters when asked about future demand for electric vehicles. “We are convinced that an electric car is more attractive for customers.â€
The Swedish-based carmaker said 50% of its global sales should be fully-electric cars by 2025 and the other half hybrid models.
Owned by Hangzhou-based Zhejiang Geely Holding Group, Volvo will launch a new family of electric cars in the next few years, all of which will be sold online only....