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Betting on death of petrol cars, Volvo to go all electric by 2030

Nick Carey and Helena Soderpalm of Reuters report that Volvo will be all electric by 2030.

The C3 Take
  • 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.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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