Volvo has announced its intentions to sell one million electrified vehicles by 2025.
In order to hit this target, the company will offer at least two hybrid variants of every model it makes. The automaker also confirmed plans to offer its first battery electric vehicle in 2019.
Volvo says the decision to embrace electrification didn't have overnight as the company has been preparing for the shift for the past five years. As Volvo explained, both the Scalable Product Architecture (SPA) and new Compact Modular Architecture (CMA) were designed to accommodate hybrid and electric powertrains. The latter platform will underpin the new 40 series which will be launched "soon."
Volvo President and CEO Håkan Samuelsson acknowledged the one million vehicle target is "deliberately ambitious" but said the company "wants to be at the forefront of this shift to electrification.”
Besides confirming plans for an assortment of new hybrid and electric vehicles, Volvo intends to have climate neutral operations by 2025. The automaker also wants women to have a more prominent role in the company and is planning to have 35 percent of its "leading positions" held by females by 2020. Lastly, the company reiterated its goal of ensuring no one is killed or seriously injured in a new Volvo by 2020.
Gallery: Volvo electrified vehicles
Volvo Cars announces new target of 1 million electrified cars sold by 2025
Volvo Cars, the premium car maker, has announced that it aims to sell a total of up to one million electrified cars by 2025.
The Swedish company plans to achieve this aim by offering at least two hybrid versions of every model in its range and releasing the first all-electric car in 2019.
“It is a deliberately ambitious target,” said Håkan Samuelsson, president and chief executive. “It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.”
Volvo Cars has been readying itself for the emergence of electrified vehicles for the last five years. It has developed two all new vehicle architectures for larger and smaller cars – Scalable Product Architecture (SPA) and Compact Modular Architecture (CMA) – that can incorporate either hybrid or fully electric car technology.
Its larger 90 series and 60 series cars are to be built on SPA, and it will soon launch a global range of smaller 40 series cars on CMA. All of these cars will have electrified versions. The 1m electrified car target is a cumulative total.
Full details of Volvo Cars’ new electrified car pledge can be found in the Volvo Cars Sustainability Report 2015 (PDF).
The new electrified car pledge forms part of a wide ranging review of Volvo’s strategic sustainability programme announced today that contains several new commitments that place sustainability at the centre of its future business operations.
The new commitment has been christened ‘omtanke’, which is a Swedish word that means ‘consideration’ or ‘caring’.
Among the commitments being made by Volvo Cars are that it will impose climate neutral operations by 2025, have 35 per cent of its leading positions held by women by 2020, move further towards its vision that by 2020 no one will be killed or seriously injured in a new Volvo and work with international partners to promote sustainability.
“Sustainability is nothing new or something that sits outside our operations, it is something that forms an integral part of everything we do. It is simply our way of operating,” said Mr Samuelsson. “This new sustainability commitment reflects Volvo Cars’ fundamental belief that we must also grow responsibly.”
Full details of Volvo’s new wide-ranging sustainability commitment can be found in the Volvo Cars Sustainability Report 2015 (PDF) as well as in the online version of the Sustainability Report on the Volvo Cars website.