By the end of the decade, the only Volvo you will be able to purchase will be electric and will have the option to be bought online. The Chinese-owned carmaker announced their plans on Tuesday, March 2nd, to stop selling cars that run on fossil fuels by 2030. It is part of an accelerating trend within the industry to respond to the pressure to tackle the climate crisis by switching to greener alternatives. It also said that its new electric vehicles would only be sold online.
As part of the transition, the Swedish brand wants half of its sales in 2025 to be electric cars and the other half hybrids. That means the company will stop selling vehicles powered solely by fossil fuels just four years from now.
The company has set aggressive targets, but they reflect a growing consensus that carmakers cannot delay electric cars switching without losing customers and angering regulators.