Volvo to make 50% of Car Sales the Electric Kind

Volvo Says Electric Cars Will Account For 50 Percent Of Its Sales By 2025

Following the declaration that every car it makes will get a mild hybrid, plug-in hybrid, or all-electric variant beginning in 2019, Volvo now says that all-electric cars will make up 50 percent of its sales by 2025. That's an ambitious target for an automaker that doesn't have any all-electric cars in its lineup right now.

From article, (Following the declaration that every car it makes will get a mild hybrid, plug-in hybrid, or all-electric variant beginning in 2019, Volvo now says that all-electric cars will make up 50 percent of its sales by 2025. That's an ambitious target for an automaker that doesn't have any all-electric cars in its lineup right now.

Volvo made the announcement at the 2018 Beijing Auto Show, and the plan seems to be geared toward the Chinese market. China will introduce an emissions-credit system in 2019 that will require automakers to sell specific amounts of electric cars. In a press release, Volvo noted that the Chinese government wants so-called "new energy vehicles" (including battery-electric cars, plug-in hybrids, and hydrogen fuel-cell vehicles) to account for 20 percent of the country's annual car sales by 2025.

Emissions standards in the United States will also get stricter over the next few years but, given the uncertain fate of standards for 2022-2025, the lack of a comprehensive U.S. government plan to promote electric cars, and the larger size of the Chinese new-car market, China is likely Volvo's priority.)

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