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Volvo may be selling electric-only cars by 2030, its CEO said

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BM.GE
04.12.20 14:30
712
Swedish automaker Volvo may have switched to selling fully electric vehicles by 2030, its CEO Hakan Samuelsson said at the Financial Times Future of the Car Summit, the Business Insider reports.

According to the Business Insider, the carmaker hasn't announced when it will stop the production of internal-combustion engines but is already planning to have one in five of its sales to be electrified this year, and 50% of them to be fully electric by 2025. Volvo has committed to having one million electrified cars on the road by 2025.

"The way forward would be to have clear rules on when we need to exit the combustion engine," Samuelsson is reported as saying. "Once you have realized that the petrol and diesel engine are really not part of the future, it's rather easy to see you have to move fast into the new world."

His comments come after the Nikkei Asian Review reported a proposed combustion-engine ban in Japan by the mid-2030s.

However, in mid-November UK Prime Minister Boris Johnson announced a "green industrial revolution" plan, and said that the UK will ban the sale of new petrol and diesel cars in 2030, a decade sooner than originally planned.