Volvo Says All Of Its Vehicles Will Be Fully Electric By 2030, No Matter What

The Swedish automaker makes us think other brands aren't committed enough to Vision 2030

Volvo's chief commercial officer, Bjorn Annwall, confirmed earlier this month that the company will have a fully electric lineup globally by 2030. Bjorn made this announcement during the launch event for Volvo's latest electric vehicle, the EX30 small crossover. 

Annwall stated that Volvo is committed to this transition, and that "no ifs, no buts" will be allowed. Unlike Mercedes-Benz, which plans to go all-electric by 2030 "where market conditions allow," Volvo intends to sell only electric vehicles after 2030, regardless of the market.

In contrast, BMW and Toyota plan to maintain a diversified powertrain offering for the foreseeable future, including gasoline, battery-powered, and hydrogen-powered platforms. 

Despite the potential risks, Volvo is committed to its decision to transition to a fully electric lineup by 2030. According to Bjorn Annwall, this strategy allows the company to focus its financial and human resources on producing the most compelling electric vehicles. 

Related: These Are The Top-Ten Cheapest Electric Cars Money Can Buy Right Now

Volvo's CEO, Jim Rowan, agrees that investing in "old technology" such as combustion engines is not the best use of the company's resources. Instead, Volvo plans to launch at least five new EVs by 2026, including a luxury electric minivan for the Asian market. 

Additionally, the company will convert the S60 and S90 sedans into battery-powered cars, according to a Reuters report from February. 

Volvo launched its latest electric vehicle, the EX30 small crossover, with a starting price of $34,950 (excluding shipping). That translates to around ₦27 million, excluding logistics and custom duty costs. Deliveries are expected to begin in the summer of 2024. 

In the United States, Volvo sold 10,723 electric vehicles in the previous month and 46,817 units year-to-date, indicating an 11 percent increase compared to the first five months of last year. As always, readers are invited to share their thoughts in the comments section below.