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.”
French automaker Groupe Renault has introduced an ‘affordable’ new all-electric vehicle --- the Renault K-ZE electric crossover. The new vehicle was unveiled recently by Groupe Renault Chairman and CEO Carlos Ghosn.
According to the latest official registration data released in Norway, the sales of electric vehicles (EVs) in the country touched a new record high in September 2018.
In an interesting report, US News has revealed that electric cars have gained a lot of popularity in five Nordic countries --- Norway, Finland, Sweden, Denmark, and Iceland.
In a recent announcement, Zipcar car-sharing company in London has revealed that it is adding more than 300 units of Volkswagen (VW) e-Golf all-electric cars to its fleet.
In a disclosure which highlights BMW’s commitment to bring new ‘green’ vehicles to the market, the automaker has revealed that by the year 2025, it will offer 25 different models of battery-electric and plug-in hybrid vehicles across the globe.
In a recent announcement, San Francisco-based stealth electric car-charging startup called Ample has revealed that it has raised a substantial amount of $31 million in its Series A funding round.