March 3, 2021—Volvo will make only electric vehicles by 2030, the Detroit Free Press reported.
The automaker said Tuesday that it is phasing out the production of all cars with internal combustion engines, including hybrids.
"There is no long-term future for cars with an internal combustion engine," Henrik Green, Volvo's chief technology officer, told the publication.
The other shift is that the all-electric vehicles will be sold exclusively online.
As part of the announcement, the Swedish automaker unveiled its second fully electric car, a follow-up to last year's XC40 Recharge, a compact SUV. Volvo said its goal is to have half of its global sales to be fully electric cars by 2025, with the remaining half made up of hybrids.
"We are firmly committed to becoming an electric-only car maker," Green added. "It will allow us to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change.”
