Nick Carey and Helena Soderpalm of Reuters report that Volvo will be all electric by 2030.
- Volvo has stated that 50% of its global sales will be fully electric by 2025, with hybrid models comprising the other half of sales.
- Volvo is the latest car manufacturer to announce phase-outs of gas-powered vehicles, showing the free market is looking for ways to lower emissions.
- America can play a significant role in the electrification of vehicles by increasing our domestic supply of rare earth minerals through mining.
“Volvo’s entire car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.”
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