Volvo plans to produce more electric, autonomous and shared vehicles
According to a recent announcement made by Volvo Cars CEO Hakan Samuelsson, the Swedish automaker apparently has plans underway to manufacture more electric, autonomous, and shared vehicles.
The announcement, made by Samuelsson in Volvo’s June 7 business update, clearly underscores the fact that Volvo has some aggressive plans to go big on fully electric cars, as well as self-driving vehicles and shared cars.
In announcing Volvo’s business goals with regard to future technology, Samuelsson said that the automaker will achieve its ambitious goals for fully electric and self-driving cars over the next several years, not in the distant future. Samuelsson further specified said that Volvo is hopeful of realizing all its future-tech business goals by “the middle of the next decade.”
As per the details shred by Samuelsson, Volvo expects that 50% of its annual sales by 2025 will be contributed by fully electric vehicles; while one-third of its annual sales by the same timeline will be attributable to vehicles with self-driving capabilities. The automaker is also hopeful that 50% of its vehicles would likely be owned by customers using its recently launched subscription service.
In elaborating Volvo’s plans, Samuelsson said that the expectations of Volvo customers are “changing rapidly,” and added that the automaker’s planned initiatives will “help transform Volvo from being purely a car company to being a direct consumer services provider.”
Tesla CEO Elon Musk has recently said that the electric vehicle maker may speed up its Pickup program, with the possibility that the electric pickup truck may be introduced sooner than previously projected.
Japanese automaker Nissan has announced the launch of a new program under which old battery packs of Nissan LEAF electric vehicles will be replaced with ‘refabricated’ battery packs.
Tesla Motors CEO Elon Musk has recently confirmed that a new Autopilot interface will be released by the automaker as part of the upcoming Version 9 of the over-the-air software update which is scheduled for a rollout this summer.
Tesla Motors is already promoting its Semi electric truck to corporate clients.
Tesla CEO Elon Musk has said in a recent statement that the US-based electric vehicle manufacturer is considering the possibility of opening a new Gigafactory in Germany.
Electric vehicle sales increased by 31 percent across the United States for the data compiled till August 2017. As per InsideEVs report, 120,500 plug-in vehicles have been sold in the U.S.