In a bold move towards a sustainable future, Volvo, the renowned Swedish automaker, is leaving behind its diesel-powered legacy and embracing an all-electric lineup. With their commitment to becoming an all-electric car company by 2030, Volvo is setting a new standard in the auto industry. This transition marks a significant milestone as Volvo becomes one of the first legacy automakers to make such a resolute decision.
Volvo’s Chief Technology Officer, Henrick Green, emphasized the importance of this shift, stating, “There is no long-term future for cars with an internal combustion engine.” This statement echoes the sentiment shared by many industry leaders who recognize that the future lies in electric powertrains.
Former CEO Håkan Samuelsson, who laid the foundation for this transformation, explained that investing in electric vehicles was crucial for the company’s long-term success. He recognized that profitability and growth could only be achieved by embracing the electric revolution. Samuelsson’s vision paved the way for Volvo’s commitment to an all-electric future.
Under the leadership of new CEO Jim Rowan, Volvo reaffirmed its dedication to sustainable mobility. Rowan highlighted the advantages of electric powertrains, including reduced noise, vibration, and servicing costs for customers, along with zero tailpipe emissions. By prioritizing electric vehicles, Volvo is not only responding to changing consumer preferences but also aligning itself with stricter emissions regulations.
The decision to end diesel car production next year signifies Volvo’s determination to adapt to evolving market demands. Just a few years ago, diesel-powered vehicles accounted for the majority of Volvo’s sales in Europe. However, in 2020, only 8.9% of their sales came from diesel vehicles, while fully electric or hybrid models took the lead.
This shift in consumer preferences has been accompanied by a decline in diesel vehicle sales across Europe. In 2015, diesel-powered vehicles held a 50% share of total car sales in Europe. However, by July of this year, that share had plummeted to just 14%. The writing is on the wall – electric vehicles are gaining traction as people recognize their environmental benefits and technological advancements.
Volvo has already made impressive strides in electrification with their current all-electric models: the C40 Recharge and XC40 Recharge. These vehicles offer impressive ranges and come equipped with advanced features. The C40 Recharge starts at $55,300, while the XC40 Recharge starts at $53,550.
But Volvo’s electric journey doesn’t end there. The automaker is preparing to launch several new electric vehicles that are expected to further boost sales and capture enthusiasts’ attention. Last November, Volvo unveiled its flagship model, the EX90 – a spacious seven-seater electric SUV with a range of up to 300 miles. With a starting price under $80,000, the EX90 combines luxury and sustainability.
In addition to the EX90, Volvo introduced the EX30 – their smallest and most affordable electric SUV to date. Priced around $35,000 and offering up to 275 miles of range, the EX30 aims to make electric mobility accessible to a wider audience. Deliveries are expected to commence next year, with orders opening in select markets.
Volvo’s commitment to an all-electric future extends beyond their own company. By taking this bold step, they hope to inspire other companies to take action against climate change. Their vision is clear – a future where electric vehicles dominate our roads and contribute to a cleaner and greener planet.
As we witness Volvo’s rapid transition towards an all-electric lineup, it becomes evident that the auto industry is undergoing a profound transformation. Consumer preferences are evolving, emissions regulations are tightening, and advanced electric vehicles are captivating drivers worldwide. Volvo’s decision to bid farewell to diesel cars is a testament to their unwavering dedication to sustainability and innovation.
The electric revolution is well underway, and Volvo is leading the charge towards a future powered by electricity. With their commitment to an all-electric lineup by 2030 and a range of exciting new models on the horizon, Volvo is poised to shape the automotive landscape and inspire others to join the movement towards a more sustainable world.