Volvo shifting to all-electric vehicles, online-only sales by 2030

STATEN ISLAND, N.Y. — The electric vehicle revolution is well underway as another major car manufacturer has announced its intentions to shift to all-electric vehicle sales by the end of the decade.

On Tuesday, Volvo announced plans to become a fully electric car company by 2030 in an effort to reduce its carbon footprint and help combat climate change.

Volvo had already planned to sell 50% all-electric vehicles and 50% hybrid vehicles by 2025, but now intends to fully electrify its fleet by 2030.

“There is no long-term future for cars with an internal combustion engine,” said Henrik Green, chief technology officer of Volvo. “We are firmly committed to becoming an electric-only car maker and the transition should happen by 2030. It will allow us to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change.”

In addition to selling exclusively-electric vehicles, Volvo announced plans to shift the sale of all fully electric cars to an online-only model, a move the company claims will simplify the buying process and provide clear and transparent vehicle and pricing data.

While dealerships will still handle test drives, maintenance and repairs, the rest of the car-buying experience will take place online, with the company offering pre-configured car options that can be purchased with a few quick clicks.

“The future of Volvo Cars is defined by three pillars: electric, online and growth,” said Lex Kerssemakers, head of global commercial operations at Volvo. “We want to offer our customers peace of mind and a care-free way of having a Volvo, by taking away complexity while getting and driving the car. Simplification and convenience are key to everything we do.”

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In January, General Motors (GM) announced that the company is planning for an all-electric future, with plans to only sell emission-free light-duty vehicles by 2035.

“With this extraordinary step forward, GM is making it crystal clear that taking action to eliminate pollution from all new light-duty vehicles by 2035 is an essential element of any automaker’s business plan,” said Environmental Defense Fund President Fred Krupp.

GM is the largest auto manufacturer in the United States, with millions of vehicles sales each year across its four core brands: Chevrolet, Buick, GMC and Cadillac.

The company has assured customers that it will offer emission-free vehicles at varying price points, ensuring that those seeking cheaper options are not priced out of a new car as GM transitions to electric and other zero-emission vehicles.

GM has committed $27 billion toward electric and autonomous vehicles over the next five years, with plans to offer 30 all-electric vehicle models globally by the end of 2025. By then, 40% of the company’s U.S. models are expected to be all-electric.

In addition to the company’s plans to sell exclusively emission-free vehicles by 2035, GM has committed to achieving full carbon neutrality across all global products and operations by 2040.

To help reach carbon neutrality, GM will source 100% renewable energy at all U.S. sites by 2030 and all global sites by 2035.

The company plans to offset any remaining emissions through carbon credits.

“General Motors is joining governments and companies around the globe working to establish a safer, greener and better world,” said Mary Barra, GM chairman and CEO. “We encourage others to follow suit and make a significant impact on our industry and on the economy as a whole.”

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