The Strategist

Volvo to sell only electric cars and only online by 2030

03/03/2021 - 02:48

Volvo Cars has unveiled its new business strategy for the next decade. The Swedish carmaker intends to switch to producing exclusively electric cars by 2030. In the coming years, the company intends to produce a new family of electric cars. They will be sold only online.

Tony Webster
Tony Webster
Volvo will offer its customers electric cars in a certain configuration, which will then be delivered directly to the customer. Along with the electric cars, customers will receive a full package of related services, including "service, warranty, roadside assistance and insurance, where available, and home charging options".

Volvo is not the first global carmaker to announce its intention to switch completely to electric vehicles. In mid-February, Jaguar Land Rover announced that it would switch to producing exclusively electric cars by 2025. At the end of January General Motors announced that by 2035 it will produce only zero-emission cars, a little later Porsche promised to increase the share of electric cars to 80% by 2030.

Earlier, Volvo announced that it has no plans to merge with Geely Auto. Geely bought Volvo Cars in 2010 for $1.8 billion. However, the companies have maintained structural independence from each other all these years. Talks about a possible merger were reported about a year ago. Instead of merging into a single company, the two sides agreed to expand cooperation in vehicle development and production, as well as in the procurement and maintenance of customer vehicles.