Volvo

Transportation • Cars & Automobiles
Volvo’s entire car lineup will be fully electric by 2030
Volvo XC40 Recharge P8 AWD in Glacier Silver
Volvo XC40 Recharge P8 AWD in Glacier Silver Credit: Volvo

On Tuesday, the Swedish company Volvo said joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.

The transition to selling only electric cars will allow Volvo "to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change," he added. Europe has imposed aggressive targets to reduce greenhouse gas emissions from vehicles, and carmakers face huge potential fines if they do not comply.

The carmaker said 50% of its global sales should be fully-electric cars by 2025 and the other half hybrid models.