September 25, 2022


A Class Of Its Own

Volvo sales will be 10 per cent electric cars in 2022

Volvo expects 1 in 10 of the vehicles it sells in 2022 to be pure electric powered, just about doubling the percentage share of zero-emissions motor vehicles it offered in the final quarter of past year.

The Swedish brand’s round-up of economical effects revealed that amid a file 12 months for profits, 34 per cent of Volvo’s profits in Q4 2021 have been of chargeable autos – and 6 for every cent ended up autos without a combustion motor altogether. 

Talking at the presentation, Volvo’s Chief Financial Officer Bjorn Annwall reported that one of the objectives for 2022 is to accelerate the share of EVs in the company’s sales. The gradual easing of the semi-conductor disaster will aid this, along with Volvo’s whole takeover of a output site in Taizhou, China. 

Annwall claimed Volvo now has to match the development created given that 2019, when 6 per cent of its gross sales were being of chargeable motor vehicles. “Now the emphasis shifts to the entire-electrical cars and trucks,” Annwall claimed. “We require to do the precise very same journey that we’ve made with chargeable on BEVs – 6 for every cent to about 34 per cent. It will be tricky, but we have a whole organisation completely ready to make this transpire.”

Volvo’s outgoing CEO Hakan Samuelsson claimed the business is “on track” to be entirely electrical by 2030, inspite of the nevertheless-modest proportion of EV revenue. “We have marketed every BEV that we have developed,” he reported. “The technique has constantly been to supply PHEVs initial, mainly because there are even now issues with the charging network. We’re in a very high percentage chargeable, we now have a new 40-collection vehicle that is born electric, we have a new flagship coming that will be born electrical, and then a thing that is in size much more of a ’20’ that will be a large contributor to our volume. We are on monitor.”

The new flagship – a successor to the present-day XC90 that is tipped to be referred to as Embla – will be followed by additional significant models with distinct entire body models, Samuelsson revealed. 

“We’ll display everyone the new flagship this year,” he said. “The body models will be far more streamlined for pure-electric powered cars and trucks, but folks even now like the simplicity of action-in, action-out that will come with a better car. So that will appear initial, but there will be more variants on the massive-motor vehicle platform.”

Simply click below for a lot more on the new Volvo C40 Recharge…