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Volvo Cars used the unveiling of the XC40 Recharge, its first electric vehicle, to lay out an ambitious business strategy that includes introducing out a new EV every year through 2025 and slashing the carbon footprint of the lifecycle of every car and SUV it builds by 40%.
All of the changes are aimed at Volvo Cars’ target to become a climate neutral company by 2040.
Goals - Volvo - Car - Group - President
The goals laid out by Volvo Car Group President and CEO Håkan Samuelsson during a press conference Wednesday to launch the XC40 Recharge, will change the structure of the company and affect its supply chain.
“We made safety a part of our brand and part of our company, we should do exactly the same with sustainability,” Samuelsson said Wednesday during the press conference.
Volvo - Goal - Vehicles - Carbon - Footprint
Volvo plans to reach its goal by producing and selling electric and plug-in electric vehicles, cutting the carbon footprint of the lifecycle of its vehicles by 40% between 2018 and 2025 and spinning out its combustion engine unit.
A critical piece to hitting its target will be making more EVs available. The automaker plans to launch an all-electric car every year over the next five years. By 2025, it wants all-electric vehicles to represent 50% of global sales with the rest compromised by hybrids.
Year - Volvo - Electric - PHEV - BEV
As of this year, every new Volvo launched will be electrified, which means it could be a hybrid, plug-in electric (PHEV) or all-electric (BEV) vehicle.
To hit this target, every Volvo model will include a Recharge option. This means a plug-in hybrid or all-electric version will be available, according to the company. To further encourage electric driving, every Volvo Recharge plug-in hybrid model will come with free electricity for a year, provided through a refund for the average electricity cost during that period.
Volvo - Manufacturing - Capacity
Volvo also plans to triple its manufacturing capacity and...
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