Volvo Sets One Million Cars' Goal By 2025, With A Bonus Car By 2019

Apr 25, 2016 05:22 AM EDT | Tes Christiansen

A rising demand for battery-powered vehicles has prompted Swedish auto maker Volvo to join the electric auto industry revolution, by pledging to have about a million electric cars made by 2025. The company also aims to make two hybrids for each model included in the said linuep.

AutoCar reports that the company is also expecting the release of its first-ever electric car by 2019. In a recent press release, Volvo CEO Håkan Samuelsson admits the move is as challenging as it sounds, however the company aims to be one of the leading manufacturers of electric vehicles in the world, and not just Tesla.

The company is also developing a new pair of platforms, which the company claims can interchangeably work on combining hybrids and EVs. The platforms would be applicable to small and large cars, namely Scalable Product Architecture and Compact Modular Architecture.

The SPA would be integrated for its 60 and 90 series lineup, whereas the CPA platform would be for its upcoming 40 series. Also, the models to be launched per series would all be electric cars.

In a highly anticipated attempt to match Tesla's unstoppable rise in the EV category, Volvo said that an electric car with a 325-mile range would be unveiled by the company in about 3 years from now. The Swedish car maker also stated that 2020 and 2025 would be essential for Volvo's break into the electric vehicle market, which Tesla has already done so with its Model S, and upcoming Model 3 releases, according to the news agency.

Volvo President Samuelsson said that sustainability has always been a key concept in everything that the company does and its way of life, according to Digital Trends. He further added that the company's new commitment mirrors Volvo's mindset of responsibility in the company's growth, and is reaching out to other international companies to promote over-all sustainability.

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