Volvo News Signals Big Change in Autos

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Volvo News on EVs by 2030

Volvo announced Tuesday that it will not only be fully electric by 2030, but that its electric vehicles will be sold online only.

Reports say this is part of a growing trend to move away from traditional car sales as well as the traditional car  as we know it.

In five years, EVs and hybrid EVs should comprise about 34 percent of US vehicle production, says Strategy Analytics analyst Greg Basich.

GM expects to sell only EVs by 2035. And it will offer 30 EV models by 2025. Ford will produce mainly EVs and hybrids in Europe by 2026 and go fully EV in Europe by 2030.

The shift to EVs will require changes in the car audio market, which we will discuss in a story to follow shortly.

As for Volvo, by 2025, it aims for 50 per cent of its global sales to be in fully electric cars, with the rest hybrids. By 2030, every car it sells should be an EV.

“There is no long-term future for cars with an internal combustion engine,” said Henrik Green, Volvo chief technology officer. “We are firmly committed to becoming an electric-only car maker and the transition should happen by 2030.”

And what about the movement to online sales of cars? How will that affect the 12 volt expeditor market?

In Volvo’s case, the dealer will still be involved in the transaction as Volvo dealers are expected to set up online sales, according to Automotive News.

Volvo dealers are already making the shift and Volvo plans to retain them all.  However, the nature of sales will change. The factory will offer a set price.  The company plans to focus “on pre-configured electric models” that greatly reduce the complexity and choice in its lineup, it told Automotive News.

Tesla doesn’t have car dealer partners but only factory-owned display centers.  There is a challenge to this type of distribution as most states ban car companies from offering factory owned stores so online sales must be performed in conjunction with dealers, said The Detroit Bureau.

Still, changes are afoot.

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