June 6, 2023

Mechanic Escape

Built for the human race

Volvo sales will be 10 per cent electric cars in 2022

Volvo expects a person in 10 of the vehicles it sells in 2022 to be pure electric powered, almost doubling the percentage share of zero-emissions motor vehicles it offered in the ultimate quarter of very last yr.

The Swedish brand’s spherical-up of financial effects disclosed that amid a record yr for earnings, 34 per cent of Volvo’s profits in Q4 2021 had been of chargeable motor vehicles – and 6 for every cent have been cars and trucks without a combustion motor altogether. 

Speaking at the presentation, Volvo’s Chief Money Officer Bjorn Annwall explained that 1 of the aims for 2022 is to accelerate the share of EVs in the company’s gross sales. The gradual easing of the semi-conductor disaster will support this, alongside with Volvo’s total takeover of a output web-site in Taizhou, China. 

Annwall stated Volvo now has to match the development manufactured since 2019, when 6 for every cent of its income were being of chargeable automobiles. “Now the aim shifts to the total-electric powered cars and trucks,” Annwall explained. “We have to have to do the exact exact journey that we have made with chargeable on BEVs – 6 per cent to close to 34 for each cent. It will be tough, but we have a complete organisation prepared to make this come about.”

Volvo’s outgoing CEO Hakan Samuelsson said the company is “on track” to be totally electric by 2030, inspite of the nevertheless-modest proportion of EV income. “We have sold every single BEV that we have crafted,” he stated. “The strategy has always been to offer PHEVs initially, for the reason that there are even now complications with the charging community. We’re in a very substantial proportion chargeable, we now have a new 40-series automobile that is born electric powered, we have a new flagship coming that will be born electric powered, and then some thing that is in sizing much more of a ’20’ that will be a large contributor to our quantity. We are on track.”

The new flagship – a successor to the present XC90 that is tipped to be identified as Embla – will be adopted by added massive models with distinct entire body models, Samuelsson uncovered. 

“We’ll show anyone the new flagship this calendar year,” he reported. “The body designs will be a lot more streamlined for pure-electrical cars and trucks, but men and women even now like the simplicity of action-in, move-out that will come with a higher car or truck. So that will come initial, but there will be far more variants on the big-motor vehicle system.”

Click on right here for extra on the new Volvo C40 Recharge…