Volvo Adjusts Electric Vehicle Goals, Aiming for 90% Electrified Fleet by 2030 Amid Infrastructure Challenges

Volvo has adjusted its previous commitment to exclusively offer electric vehicles by 2030, now aiming for 90% of its lineup to feature plug-in capabilities. This shift aligns with trends seen across the automotive industry.

At the launch of the 2025.5 XC90 in Sweden on Wednesday, Volvo updated its goals for electric vehicle production. The company now targets having 90-100% of its sales consist of electrified vehicles by 2030. Volvo emphasized that this includes vehicles that can be plugged in, rather than merely those equipped with mild-hybrid technology.

Up to 10% of sales could still comprise "a limited number of mild hybrids if necessary," Volvo has stated, providing the company with some flexibility.

By 2025, Volvo anticipates that electrified vehicles will comprise 50-60% of its total sales.

Volvo has announced that it is currently developing five new electric vehicles, which will complement its existing lineup of electric and plug-in hybrid cars already available for purchase.

The car manufacturer is currently introducing the EX90 in the U.S. market, has just unveiled the 2025.5 XC90 plug-in hybrid, and offered a preview of the upcoming electric ES90 sedan.

Volvo will persist in advancing its plug-in hybrid and mild hybrid vehicle models, although the company did not disclose specific figures regarding the number of models in progress.

In July, an anonymous Volvo dealer conveyed to Automotive News Europe, "We must (market plug-in hybrids) or we perish."

According to a recent report from Bloomberg, it is predicted that plug-in hybrid vehicles will constitute 10% of worldwide new car sales by the year 2030.

Volvo cited the sluggish expansion of charging networks as a primary factor for its strategic pivot. The company also pointed out the reduction of government subsidies in certain areas as an additional challenge, emphasizing the necessity for "more robust and consistent government policies to facilitate the shift towards electric vehicles."

The car manufacturer has set a goal to eliminate all its greenhouse gas emissions by the year 2040.

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