25.4.2018Volvo targets EVs to make up 50% of sales by 2025
Volvo has announced that it is aiming for pure-electric models to make up half of its total sales by 2025.
The Swedish brand already has some of the most ambitious electric targets in the industry, and has been offering plug-in versions of every new model brought since the XC90 launched in 2014.
The news builds on Volvo's announcement last year that all new models released from 2019 will be available either as a mild hybrid, plug-in hybrid, or battery electric vehicle.
Part of Volvo's likely success will come from its sales in China, with Volvo's Chinese parent company Geely offering the premium manufacturer easier access to the increasingly important automotive market.
The announcement was made at the Beijing Auto Show, where Volvo has also given the XC40 T5 Twin Engine PHEV its first public appearance. Following on the theme, Volvo has taken only plug-in vehicles to a motor show - the first time a non-EV specialist manufacturer has done this.