[RahulNagaraj]

According to reports, Volvo CEO Jim Rowan has stated that going at a reduced speed towards an all-electric future is a mistake.

Rowan added that Volvo was bold enough to invest in electrification ahead of the imminent inflexion point. At a recent company meeting, Rowan stated that in 2025, Volvo would reach price parity between ICE and EV models, with the high cost of raw materials required for electrification being the only limiting factor.



Volvo has one of the most aggressive EV transition plans in the auto industry, with a goal to become a pure-electric car brand by the decade's end. The Swedish carmaker stated that the raw material cost was the only thing standing in its way of full-scale adoption. Rowan confirmed that Volvo was in talks with mines and factories to get direct access to lithium at more reasonable prices, which in turn will help reduce the overall cost of the EVs.

The statement by Volvo is a stark contrast to that of Toyota. The Japanese carmaker just recently argued that carmakers should offer varying power sources like hydrogens and hybrids rather than concentrating only on EVs.

Coming back to Volvo, the carmaker currently offers a range of EVs in its lineup. This includes the C40 Recharge, XC40 Recharge and the upcoming EX90 SUV. Volvo is also said to be working on an entry-level offering, the EX30, which will slot below the XC40 Recharge and will be offered on a subscription basis only.

Source: Automotive News

Link to Team-BHP news

[shobhit.shri]

The transition to EVs has started looking like a fight between the old guards and new challengers. Most Japanese and Germans are resisting while the Chinese - Volvo is Chinese now - are going all in for it.

[giri1.8]

Volvo wants to change fast, but Volvo also said this

Volvo says emissions from making EVs can be 70% higher than petrol models - and claims it can take up to 9 YEARS of driving before they become greener

https://www.google.co.in/amp/s/www.t...ER-petrol.html

[zandot]

These kind of attention grabbing headlines are quite pointless when they’re unable to deliver their existing electric line up to their potential customers in the country despite many months of waiting.

[The_Medic]

It will not be a pure EV future. There will be hybrids, hydrogen fuel cells and synthetic fuels alongside other new innovations and not just EVs. Because people will realise just electrifying private vehicles will do jack shit to save earth when all major conglomerates keep polluting like no one's business.

[IshaanIan]

I 100 percent agree. However such a thing can only occur when the infrastructure is in place and that takes time. At the end of the day neither internal combustion nor electric vehicles are going to save the planet the only way that would happen is if we stick to one thing, make it as efficient as possible and build products that last.

[PreludeSH]

I think its easier for a niche car maker like Volvo to say that. They don't have huge resources invested in ICE and can also use the enormous Chinese infrastructure for EVs easily. Their numbers will remain same for both ICE or EVs.

[trippytragopan]

Originally Posted by RahulNagaraj

According to reports, Volvo CEO Jim Rowan has stated that going at a reduced speed towards an all-electric future is a mistake.

Invest in India then. India's EV market is expected to grow annually by about 50 percent between 2022 and 2030.