Volvo has announced that it aims to sell up to one million electrified cars by 2025. To help achieve that aim, the Swedish company will offer at least two hybrid versions of every model in its range, and release its first all-electric car in 2019.
The statement from Håkan Samuelsson, president and chief executive of Volvo Cars, said: “It is a deliberately ambitious target. It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.”
Volvo announced in October last year that it plans for at least one plug-in model for every car in its range by the end of this year. With the 90 Series models – XC90, S90 and V90 – all already available in plug-in hybrid (PHEV) form, or confirmed to be, Volvo is progressing well. It also has a new smaller platform coming in which will underpin the 40 Series models, allowing for electrification, while the 60 Series will be built on the same platform as the 90s.
It seems as though from the new announcement though that a conventional hybrid will join the PHEV variants as Volvo makes the most of its electric technology.