Skip advert
Advertisement

Volvo to axe hybrids and focus on pure electric cars

Volvo sets its sights on becoming a fully electric car brand like Tesla and that will spell the end of its hybrid models after 2025

Volvo XC90 T8 - front action

Volvo will axe petrol and hybrid models and become an electric only car brand in the near future, the company's boss has revealed. 

The Swedish firm’s current aim is to have fully electric vehicles account for 50 per cent of its global sales by 2025, launching a new electric model every 12 months up to that date. 

Advertisement - Article continues below

• EV and plug-in car tech explained

Volvo’s chief executive, Hakan Sammuelson, has told Auto Express that beyond 2025 it is a matter of “when” not “if” the company ditches internal combustion engines and hybrids all together and becomes a purely electric car company. 

“Really the one who decides will be the customers,” Sammuelson told us. “We have shown our strategy to electrify, not by doing one car, we did it the expensive way of adopting a new platform so all future cars will be either electric or hybrid - it is up to the customer. 

“The higher the percentage of all electric [sales] the faster we will shut down the others. If only 5 per cent are buying cars with combustion it probably doesn’t pay to keep that - so let’s see what the customers prefer long term.”

The new XC40 Recharge is the firm’s first fully electric model and will be followed by four additional EVs by 2025.

Volvo’s electric vehicle strategy centres around the firm’s sustainability ethos but Sammuelson also confident healthy profits are to be made in that area, particularly for a brand that sells premium products. 

“If you stay with outdated technology that is not a smart way to improve your profits,” Sammuelson added. “What happens is then your margins disappear and you close down. If you introduce new technology, in the beginning it will probably lower margins - that has happened in the past. But after a number of years you introduce new technology because you believe it will improve your profits.”

What do you think the future holds for hybrids? Let us know in the comments...

Skip advert
Advertisement

Find a car with the experts

Skip advert
Advertisement

Recommended

Best electric car deals: today's top discounts and incentives on new EVs
Best electric car deals - header image

Best electric car deals: today's top discounts and incentives on new EVs

Making the switch to an EV? These car brands have an offer (or two) for you
Best cars & vans
5 Aug 2025
Best classic cars - the classics we’d most love to own
Best classic cars - July 25

Best classic cars - the classics we’d most love to own

These are our favourite classic cars, from British beauties to V8-engined beasts
Best cars & vans
8 Jul 2025
Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond
New cars coming soon header image

Best new cars coming soon: all the big new car launches due in 2025, 2026 and beyond

These are the most important new cars headed our way, from brands including Audi, BMW, Dacia, Ferrari, Ford, Skoda and more
Best cars & vans
23 Jun 2025
New Volvo EM90 2025 review: the ultimate SUV killer
Volvo EM90 - front

New Volvo EM90 2025 review: the ultimate SUV killer

Volvo has made an ultra-luxurious van. Intrigued? You should be, but sadly it’s for China only
Road tests
20 Jun 2025

Most Popular

MG Cyber X will morph into a mini-Mercedes within two years
MG Cyber X design render - front

MG Cyber X will morph into a mini-Mercedes within two years

Boxy small SUV is gearing up for production, and our exclusive images show how the model might look
News
30 Aug 2025
Car Deal of the Day: Ford Puma Gen-E granted ultra-low £132 monthly lease
Ford Puma Gen-E - front action

Car Deal of the Day: Ford Puma Gen-E granted ultra-low £132 monthly lease

The EV grant has made the Ford Puma Gen-E a lot cheaper, and lease customers can cash-in with today’s Deal of the Day
News
29 Aug 2025
Car Deal of the Day: Racy and retro Renault 5 for only £188 a month
Renault 5 - front full width

Car Deal of the Day: Racy and retro Renault 5 for only £188 a month

The Renault 5 is taking the market by storm – and at this price it’s easy to see why. It’s our Deal of the Day for August 30
News
30 Aug 2025