Volvo

Volvo: All electric vehicles to be sold by 2030

Swedish automaker Volvo Car has announced a plan to convert all of its cars to electric vehicles by 2030.

On April 2, Volvo Car announced a plan to gradually reduce the number of cars with engines, including hybrids, and to sell all of its cars as electric vehicles by 2030.

The company says that electric cars will be sold only online, and that the role of traditional stores will be inspection and repair.

Volvo Car explains, "To continue to be successful, it is important to increase profitability, and we have chosen to invest in the promising business of electric vehicles and online business," and aims to become a leader in the rapidly growing market of luxury electric vehicles.

In Europe, where environmental regulations on cars are becoming stricter, many countries have announced plans to ban the sale of new gasoline-powered cars in the future.

In this environment, Jaguar Land Rover announced last month that it will make Jaguar an exclusively electric car brand in four years, and Ford in the U.S. has announced that all passenger cars sold in Europe will be electric cars by 2030.

Translated with www.DeepL.com/Translator (free version)

Source: https://www3.nhk.or.jp/news/html/20210303/k10012894561000.html?utm_int=news-business_contents_list-items_003