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<blockquote data-quote="Weather Man" data-source="post: 16586391" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3668118-volvo-to-go-fully-electric-by-2030" target="_blank">Volvo to go fully electric by 2030</a></p><ul> <li data-xf-list-type="ul">Swedish automaker, Volvo Cars (<a href="https://seekingalpha.com/symbol/VOLAF" target="_blank">OTCPK:VOLAF</a>) plan to phase out internal combustion engine vehicles, including hybrids, and only sell all-electric cars <a href="https://seekingalpha.com/pr/18213588-volvo-cars-to-be-fully-electric-2030" target="_blank">by the end of 2030</a>.</li> <li data-xf-list-type="ul">"To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future – electric and online," said Håkan Samuelsson, chief executive. "We are fully focused on becoming a leader in the fast-growing premium electric segment."</li> <li data-xf-list-type="ul">Last year, the company launched its first fully electric car, the XC40 Recharge and later today the company will reveal its second fully electric car, a new model in the 40 Series.</li> <li data-xf-list-type="ul">By 2025, automaker aims for 50% of its global sales to consist of fully electric cars, with the rest hybrids.</li> <li data-xf-list-type="ul">About 2.5M electric vehicles were sold worldwide last year and industry analyst IHS Markit forecasts that to increase by 70% in 2021.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16586391, member: 137766"] [URL='https://seekingalpha.com/news/3668118-volvo-to-go-fully-electric-by-2030']Volvo to go fully electric by 2030[/URL] [LIST] [*]Swedish automaker, Volvo Cars ([URL='https://seekingalpha.com/symbol/VOLAF']OTCPK:VOLAF[/URL]) plan to phase out internal combustion engine vehicles, including hybrids, and only sell all-electric cars [URL='https://seekingalpha.com/pr/18213588-volvo-cars-to-be-fully-electric-2030']by the end of 2030[/URL]. [*]"To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future – electric and online," said Håkan Samuelsson, chief executive. "We are fully focused on becoming a leader in the fast-growing premium electric segment." [*]Last year, the company launched its first fully electric car, the XC40 Recharge and later today the company will reveal its second fully electric car, a new model in the 40 Series. [*]By 2025, automaker aims for 50% of its global sales to consist of fully electric cars, with the rest hybrids. [*]About 2.5M electric vehicles were sold worldwide last year and industry analyst IHS Markit forecasts that to increase by 70% in 2021. [/LIST] [/QUOTE]
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