26 Apr '18, 12am

Volvo Cars aims for 50 per cent of sales to be electric by 2025

Volvo Cars aims for 50 per cent of sales to be electric by 2025

Volvo Cars aims for fully electric cars to make up 50 per cent of its sales by 2025, the company announced. The announcement builds on Volvo Cars' 2017 industry-first announcement that all new models released from 2019 will be available as either a mild hybrid, plug-in hybrid or battery electric vehicle. For more information see the IDTechEx reports on 48V mild hybrid electric vehicles and electric vehicles . The company's strategy to generate half of its sales from electric cars by 2025 positions it as a powerful player in China, the world's leading market for electrified cars. The Chinese government plans to have new-energy vehicles account for more than 20 per cent of the country's annual car sales by 2025, which equates to more than seven million vehicles, based on Chinese government forecasts. "Last year we made a commitment to electrification in preparation for an er...

Full article: https://www.electricvehiclesresearch.com/articles/14173/v...

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