Car manufacturer Volvo, headquartered in Sweden, plans all vehicle production to be fully electric by 2030.
In the statement made by the company, it was stated that Volvo will focus on the rapidly growing electric car market and will gradually stop producing fossil fuel engines, and all cars of the company will be electric by 2030.
In the statement that a new fully electric car family will be launched on the market in the coming years, it was stated that this car will be sold only online.
Owned by Zhejiang Geely Holding Group, headquartered in Hangzhou, Volvo aims to make 50 percent of its global sales be all-electric cars and other mild-hybrid models by 2025.
"We need profitable growth to be successful. Therefore, instead of investing in a shrinking area, we prefer to invest in the future, electric cars and online." used the expressions.
AUTOMOBILE GIANTS TURN ON ELECTRIC VEHICLES
While it is stated that Volvo will introduce a new electric product family within its plans, it is also stated that all these models will be sold only online.
Last month, manufacturers such as Ford and Jaguar Land Rover also announced that their future plans are electric cars. On the other hand, Bentley, the luxury car manufacturer under Volkswagen, announced at the end of 2020 that it would produce only electric cars by 2030.
The electric car trend in the sector is closely related to the employment of companies. Stating that the truck unit will focus on electric vehicles, Daimler stated that thousands of people may be out of their jobs in this context.
The company is expected to part ways with thousands of employees in the coming years.
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