Luxury carmaker Volvo Cars is planning to go fully electric in India by around 2025, much ahead of its global target of becoming a full electric car company by 2030, according to a senior company official.
The move towards full electrification is part of Volvo Cars’ global commitment to reduce its carbon footprint and become a more sustainable company. The company, which will launch the electric version of its SUV C40 in the fourth quarter of 2023, will keep launching one electric vehicle every year in India going forward.
Volvo Cars’ Head of Commercial Operations, Rest of Asia Pacific region Nick Connor said, “By virtue of being a niche player, the company can afford to become a Battery Electric Vehicle (BEV) only manufacturer much sooner than its competitors.”
India is a key market for Volvo Cars, and the company is committed to investing in the country to drive growth and bring sustainable mobility solutions to Indian consumers. The company is also actively working with the Indian government to create a supportive policy framework that will help accelerate the adoption of electric vehicles in the country.
“We are committed to contributing to India’s ambitious goal of achieving 100% electric mobility by 2030. Our plan to go fully electric in India by around 2025 is a significant step towards achieving that goal,” Connor added.
Volvo Cars has already made significant progress in its global electrification journey. The company’s current range of plug-in hybrid vehicles is one of the broadest on the market, and it has committed to phasing out combustion engine cars entirely in the coming years.