Volvo announced that it plans on phasing out its entire portfolio of vehicles using combustion engines, including hybrids, by 2030. Volvo is the latest in a series of announcements by other car companies to transition to be fully electric over the next decade. Volvo cited demand for electric vehicles as well as it expectation of growth of charging infrastructure, which a key component to EV adoption by the public. Last year, Volvo announced its first fully-electric car, the XC40 Recharge and expects to announce its second soon. Another goal Volvo is setting for itself is to have 50% of its portfolio electric by 2025. One other interesting note: Volvo’s fully-electric cars will be sold online only.
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Tomorrow Cubed 
Volvo announced that it plans on phasing out its entire portfolio of vehicles using combustion engines, including hybrids, by 2030. Volvo is the latest in a series of announcements by other car companies to transition to be fully electric over the next decade. Volvo cited demand for electric vehicles as well as it expectation of growth of charging infrastructure, which a key component to EV adoption by the public. Last year, Volvo announced its first fully-electric car, the XC40 Recharge and expects to announce its second soon. Another goal Volvo is setting for itself is to have 50% of its portfolio electric by 2025. One other interesting note: Volvo’s fully-electric cars will be sold online only.
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