Volvo Pushes Faster Timeline to Produce All-Electric Cars
The race to produce all-electric cars is on.
Volvo Cars jumped into the lead among automakers this week by saying it would convert its entire lineup to battery power by 2030, no longer selling cars with internal combustion engines.
General Motors said earlier this year that it would go all electric by 2035. Ford said last month that it would only sell electric cars in Europe, starting in 2030.
By 2030, Volvo will “phase out any car in its global portfolio with an internal combustion engine, including hybrids,” the company said in its statement.
The electric car decision was based “on the expectation that legislation as well as a rapid expansion of accessible high-quality charging infrastructure will accelerate consumer acceptance of fully electric cars,” Volvo said.
Volvo has only one battery-powered car on the market now, a version of its XC40 S.U.V. They unveiled a second model, the C40 crossover, earlier this week.
The C40 will be able to travel 210 miles on a charge, Volvo said.
Volvo also said it would sell its electric models exclusively online with all ordering and prices being fixed, no haggling. Dealers will still offer test drives, deliver vehicles and provide service.