Volvo is planning to have two hybrid versions of every model and its first fully electric vehicle by the end of the decade.
Volvo Cars is aiming to sell a total of up to one million electrified cars by 2025 by offering at least two hybrid versions of every model in its range and releasing the first all-electric car in 2019.
“It is a deliberately ambitious target,” said Håkan Samuelsson, president and chief executive. “It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.”
Volvo Cars has been readying itself for the emergence of electrified vehicles for the last five years. It has developed two all new vehicle architectures for larger and smaller cars – Scalable Product Architecture (SPA) and Compact Modular Architecture (CMA) – that can incorporate either hybrid or fully electric car technology.
Its larger 90 series and 60 series cars are to be built on SPA, and it will soon launch a global range of smaller 40 series cars on CMA. All of these cars will have electrified versions. The 1m electrified car target is a cumulative total.
The new electrified car pledge forms part of a wide ranging review of Volvo’s strategic sustainability programme that contains several new commitments that place sustainability at the centre of its future business operations. This new commitment has been christened ‘omtanke’, which is a Swedish word that means ‘consideration’ or ‘caring’.
Among the commitments being made by Volvo Cars are that it will impose climate neutral operations by 2025, have 35 per cent of its leading positions held by women by 2020, move further towards its vision that by 2020 no one will be killed or seriously injured in a new Volvo and work with international partners to promote sustainability.
“Sustainability is nothing new or something that sits outside our operations, it is something that forms an integral part of everything we do. It is simply our way of operating,” said Mr Samuelsson. “This new sustainability commitment reflects Volvo Cars’ fundamental belief that we must also grow responsibly.”