Swedish car manufacturer Volvo plans to sell at least one million hybrid and electric cars by 2025, according to the marque’s president and chief executive.
Volvo CEO Hakan Samuelsson said: “It is a deliberately ambitious target. It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.
“Sustainability is nothing new or something that sits outside our operations; it is something that forms an integral part of everything we do. It is simply our way of operating. This new sustainability commitment reflects Volvo Cars’ fundamental belief that we must also grow responsibly.”
If you’re thinking of taking on more hybrid or electric models in your showroom, be sure that you have the correct levels of insurance to cover your new stock and to provide excellent customer service in the form of test drives. So in addition to your general motor trade insurance, you should also consider good demonstration insurance.
To achieve its lofty goal, Volvo has been developing two new vehicle architectures over the last five years and will be offering at least two hybrid versions of every model in its range from now onwards, as well as producing its first all-electric vehicle by 2019.
Additionally, Volvo will impose a so-called ‘climate neutral’ approach to all of its operations by 2025. What’s more, the Swedish marque plans to fill 35 per cent of its top positions with women by 2020.