Volvo Plans For 50 Percent Of Sales To Be EVs By 2025

Sergio Conner
April 25, 2018

The car's first public debut in Beijing is a strategic move by Polestar, which is targeting China as its primary market.

The Chinese government has stated that by 2025, more than 20 per cent of the country's auto sales should be powered by new energy - i.e. electric and hydrogen fuel cells - which totals more than seven million vehicles, according to government predictions.

The stated goal of the company is that by 2025, half of the Volvo vehicles sold to be electric, a bald expansion of the previous commitment of having either a mild hybrid, a plug-in hybrid or a battery electric vehicle for every new model releases from 2019 onwards.

"We recognize the Chinese market's potential for electric vehicles, and Polestar has the strength to take advantage of these opportunities", explained Wu.

Northgate plc (LON:NTG) Weekly Ratings on April 25, 2018
Carr's Group plc engages in the agriculture and engineering businesses in the United Kingdom and internationally. Shore Capital reissued a "hold" rating on shares of Rathbone Brothers in a report on Thursday, January 11th.

Alleged love triangle ends in 2 women shot dead in Pa
She broke into Chapman's and cleaned up the glass so the victim didn't realize someone was in her home, " the chief reported. Police added the murder suicide is alleged to resulted as a effect of a meticulously planned execution.

Uranus smells like farts and rotten eggs
The long-sought evidence was published in the April 23rd issue of the journal Nature Astronomy . Arriving at Uranus in 1986, Voyager 2 observed a bluish orb with extremely subtle features.

At the Beijing Auto Show, Volvo Cars will visually reinforce the company's position as an industry leader in electrification with all cars on display plugged-in.

Volvo is also displaying its three SUVs, which are available worldwide - the XC40, pictured, XC60 and XC90, the former of which is making its first appearance as a T5 PHEV.

"Last year we made a commitment to electrification in preparation for an era beyond the internal combustion engine", said Hakan Samuelsson, president and CEO of Volvo Cars. Further powertrain options, including a hybridized as well as a pure electric version, will be added later. The country is also Volvo's largest market, selling more than 100,000 cars there previous year. In 2018, Volvo has achieved a 23 percent growth in sales for the first quarter in China, providing it with a boost to record a 14% global increase in the year-to-date.

The early success of the XC40 supports Volvo Cars' expectations of strong demand for its new small SUV in China.

Other reports by

Discuss This Article

FOLLOW OUR NEWSPAPER