Like other automakers, Volvo is abandoning plans to sell only electric cars by 2030.
On Wednesday, in Sweden, at the premiere 2025.5 XC90car manufacturer has revised its electrification ambitions.. By 2030, Volvo now aims for 90-100% of its sales to be electrified. The automaker has made it clear what that means. has a plug and not just mild hybrid systems.
The remaining 10% of sales allow the automaker room for “a limited number of light hybrid for sale if needed,” according to Volvo.
By 2025, Volvo expects 50-60% of its sales to be electric vehicles.
Volvo said it has Five electric cars are under development. Today, in addition to the electric and plug-in hybrid models on sale today.
The automaker is in the process of launching EX90 in the United Statesjust revealed the 2025.5 XC90 plug-in hybrid and revealed ES90 sedan electric car.
Volvo will continue to develop plug-in hybrid and mild hybrid vehicles, but the automaker did not provide figures on how many models are under development.
In July, a Volvo dealer who asked not to be named told Automotive News Europe that, “We will have to (sell plug-in hybrids), otherwise we will die.”
A recent Bloomberg report estimates that plug-in hybrid vehicles will peaked at 10% of global new car sales by 2030.
Volvo has taken note. slow development of charging Infrastructure is the main reason for the strategy shift. The withdrawal of government incentives in some markets was identified as another issue, with Volvo saying “stronger and more stable government policies are needed to support the transition to electrification”.
The automaker said it aims to achieve net zero greenhouse gas emissions by 2040.
