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Volvo sales will be 10 per cent electric cars in 2022

Volvo expects one particular in 10 of the autos it sells in 2022 to be pure electric powered, nearly doubling the share share of zero-emissions automobiles it marketed in the final quarter of previous yr.

The Swedish brand’s round-up of economical outcomes discovered that amid a record 12 months for revenue, 34 for every cent of Volvo’s sales in Q4 2021 were being of chargeable motor vehicles – and 6 per cent have been vehicles with out a combustion motor altogether. 

Speaking at the presentation, Volvo’s Main Money Officer Bjorn Annwall said that 1 of the targets for 2022 is to speed up the share of EVs in the company’s sales. The gradual easing of the semi-conductor disaster will enable this, together with Volvo’s complete takeover of a output web-site in Taizhou, China. 

Annwall stated Volvo now has to match the progress manufactured considering the fact that 2019, when 6 per cent of its profits ended up of chargeable vehicles. “Now the aim shifts to the comprehensive-electric automobiles,” Annwall said. “We want to do the precise very same journey that we’ve designed with chargeable on BEVs – 6 for each cent to around 34 for each cent. It will be difficult, but we have a comprehensive organisation ready to make this come about.”

Volvo’s outgoing CEO Hakan Samuelsson reported the company is “on track” to be thoroughly electric powered by 2030, even with the continue to-modest proportion of EV gross sales. “We have offered each and every BEV that we have built,” he reported. “The system has often been to offer PHEVs to start with, simply because there are nevertheless issues with the charging community. We’re in a incredibly large proportion chargeable, we now have a new 40-sequence motor vehicle that is born electrical, we have a new flagship coming that will be born electric, and then a little something that is in sizing much more of a ’20’ that will be a significant contributor to our quantity. We are on track.”

The new flagship – a successor to the current XC90 that is tipped to be termed Embla – will be followed by added big versions with distinct body models, Samuelsson disclosed. 

“We’ll clearly show anyone the new flagship this 12 months,” he stated. “The human body kinds will be more streamlined for pure-electrical vehicles, but individuals nevertheless like the simplicity of phase-in, stage-out that comes with a greater motor vehicle. So that will occur to start with, but there will be additional variants on the major-car platform.”

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