This is the company’s vision for the period till 2025.
In 2019 Volvo already announced some electrification plans – Swedish automaker added electric motors to each model. However, the new plan would mean the transition from hybrid drivetrains to fully electric, despite working on sales strategy to push electric cars.
By the way, so far there is no fully electric car in Volvo lineup. The first one should be a compact SUV XC40 that should be unveiled soon. Also, Polestar subbrand also deals with electrified vehicles, though it prepares expensive GT coupe with hybrid drivetrain for the market, that is expected to be followed with a cheaper electric car.