Volvo Cars has set up a target that 50% of its sales by 2025 will be fully from electric vehicles. This is based on 2017 industry-first announcement of Volvo Cars which shows that all new vehicles launched from 2019 will be in a form of a battery electric, plug-in hybrid or mild hybrid vehicle.
AutoComplete: Volvo wants EVs to cover 50 percent of sales in 2025
>>> Related post: Volvo plans to electrify all new 2019 models
The strategy of the company for this sales’ number is to make it become a strong player in China - the top market for EVs in the world. According to Chinese government's forecast, the government intends to let new energy cars take over 20% of China's annual vehicle sales by 2025, equivalent to over 7 million units.
Volvo Cars is now building the S90L and S90 T8 Twin Engine in this country. It has aready started producing the XC60 T8 Twin Engine in China in late April. This means all of three Volvo Cars manufactures in China - Daqing, Chengdu and Luqiao - will produce either battery electric or plug-in hybrid vehicles soon.
The strategy of the company for this sales’ number is to make it become a strong player in the Chinese market
China is the biggest individual market of Volvo Cars and this year saw a 23.3% increase in sales in the first quarter. Last year Volvo car's sales in the market surpassed up to 100,000 units for the first time.
In our shores, there have been a large number of Volvo lovers eagerly waiting for the Volvo XC40 SUV to walk in the Philippines this year.
The Volvo XC40 SUV is expected to walk in the Philippines this year
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