December 7, 2023

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Volvo sales will be 10 per cent electric cars in 2022

Volvo expects one in 10 of the autos it sells in 2022 to be pure electrical, almost doubling the percentage share of zero-emissions cars it marketed in the final quarter of very last calendar year.

The Swedish brand’s spherical-up of economical effects unveiled that amid a file yr for profits, 34 per cent of Volvo’s gross sales in Q4 2021 have been of chargeable cars – and 6 per cent have been vehicles without having a combustion motor completely. 

Speaking at the presentation, Volvo’s Main Monetary Officer Bjorn Annwall claimed that one particular of the goals for 2022 is to speed up the share of EVs in the company’s income. The gradual easing of the semi-conductor crisis will aid this, together with Volvo’s comprehensive takeover of a production web-site in Taizhou, China. 

Annwall mentioned Volvo now has to match the progress built considering the fact that 2019, when 6 for each cent of its income were of chargeable motor vehicles. “Now the concentration shifts to the entire-electric cars and trucks,” Annwall reported. “We need to have to do the correct same journey that we’ve created with chargeable on BEVs – 6 for each cent to all around 34 for every cent. It will be difficult, but we have a total organisation all set to make this happen.”

Volvo’s outgoing CEO Hakan Samuelsson reported the organization is “on track” to be completely electrical by 2030, even with the continue to-modest proportion of EV gross sales. “We have offered each and every BEV that we have created,” he stated. “The system has generally been to offer PHEVs very first, mainly because there are nonetheless difficulties with the charging community. We’re in a extremely superior proportion chargeable, we now have a new 40-sequence car that is born electric powered, we have a new flagship coming that will be born electric, and then anything that is in size extra of a ’20’ that will be a large contributor to our volume. We are on track.”

The new flagship – a successor to the recent XC90 that is tipped to be named Embla – will be followed by supplemental significant products with distinct overall body variations, Samuelsson uncovered. 

“We’ll demonstrate all people the new flagship this year,” he said. “The body kinds will be additional streamlined for pure-electric cars, but men and women nonetheless like the simplicity of stage-in, step-out that will come with a bigger car or truck. So that will occur first, but there will be a lot more variants on the massive-auto system.”

Click in this article for extra on the new Volvo C40 Recharge…