Peter Palmer: Volvo to Produce 1 Million Electric Cars by 2025

Volvo has announced plans to sell up to one million electrified cars by 2025. The Swedish automaker wants to achieve this by offering at least two hybrid versions of every model in its range, plus releasing an all-electric car in 2019. Recently, Volvo began petitioning the auto industry and political leaders to move towards electrified vehicles

“It is a deliberately ambitious target,” said Håkan Samuelsson, Volvo Cars President and CEO. “It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.”

Volvo has dedicated a multitude of engineering resources over the last five years to electrified vehicles. Scalable Product Architecture (SPA) and Compact Modular Architecture (CMA), for example, are two entirely new Volvo platforms. Either one can incorporate a hybrid or fully electric car.

The automaker’s recent sustainability report details several new commitments that place sustainability at the center of its future business operations. The new commitment has been christened ‘omtanke’, a Swedish meaning consideration or caring.

“Sustainability is nothing new or something that sits outside our operations, it is something that forms an integral part of everything we do. It is simply our way of operating,” Samuelsson said. “This new sustainability commitment reflects our fundamental belief that we must also grow responsibly.”

*Carl Anthony is Managing Editor of Automoblog and resides in Detroit, Michigan.