Electric Vehicles

Volvo promises to be fully electric by 2030, says goodbye to traditional dealership model

Volvo is transitioning to an all-electric lineup.

Photo courtesy of Volvo Cars

Volvo Cars is the latest company to take their commitment to electric powertrains to a new level. Unlike other automakers, like Land Rover who is promising an electric option for its model lineup, Volvo is planning to make their whole lineup electric by 2030.

This means that there will only be all-electric cars and SUVs in its global portfolio and all internal combustion engine and hybrid models will be phased out. By 2025, it aims for 50 percent of its global sales to consist of fully electric cars, with the rest hybrids. By 2040, the company hopes to be carbon neutral. Nissan has similar goals.

Volvo XC40 The Volvo XC40 is currently offered as an all-electric model.Photo courtesy of Volvo Cars

Volvo XC40

Additionally, the brand is rolling out a new commercial strategy that will have them invest heavily in online sales channels in a move to reduce the complexity of its product offerings and set pricing on models, eliminating bargaining at the point of sale, something that the Saturn brand was known for. Via VolvoCars.com buyers will be able to choose from pre-configured electric Volvos that are ready for ordering and quick delivery.

"The future of Volvo Cars is defined by three pillars: electric, online and growth," says Lex Kerssemakers, Head of Global Commercial Operations at Volvo Cars. "We want to offer our customers peace of mind and a care-free way of having a Volvo, by taking away complexity while getting and driving the car. Simplification and convenience are key to everything we do."

Customer offerings will all be housed under one brand, Care by Volvo, which was, until now, the name of the company's subscription service platform.

Dealerships and sales associates still factor into the company's plans. That's good, because many states require new car sales to occur only though an authorized dealership, a point of contention for emerging brands due to the expense and logistic annoyance of establishing a dealer network. Dealerships will be tasked with "a variety of important services such as selling, preparing, delivering and servicing cars" according to a release.

Volvo online ordering and financing process

Photo courtesy of Volvo Cars

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"Online and off-line need to be fully and seamlessly integrated," added Lex Kerssemakers. "Wherever the customer is in their journey – online, in a showroom, in a Volvo Studio, or driving the car – the customer experience needs to be top-notch."

The purchase of an electric Volvo will include a package of traditional extras including service, warranty, roadside assistance, insurance (where available), and home charging options. Sans the insurance, many electric vehicle manufacturers offer these extras already.

"There is no long-term future for cars with an internal combustion engine," said Henrik Green, Chief Technology Officer at Volvo Cars. "We are firmly committed to becoming an electric-only car maker and the transition should happen by 2030. It will allow us to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change."

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Lamborghini is accelerating its path toward an all-electric future.

Photo courtesy of Lamborghini Automobili

Lamborghini plans to electrify its lineup and now we know how fast that process will be going and what the company won't be focusing on. In a presentation, Stephan Winkelmann, President and CEO of Automobili Lamborghini, detailed that the super luxury automaker will "focus continually on identifying technologies and solutions that guarantee top performance and driving dynamics" rather than fuel economy. Those words are magic to enthusiasts ears.

"Lamborghini's electrification plan is a newly-plotted course, necessary in the context of a radically-changing world, where we want to make our contribution by continuing to reduce environmental impact through concrete projects," said Winkelmann. "Our response is a plan with a 360 degree approach, encompassing our products and our Sant'Agata Bolognese location, taking us towards a more sustainable future while always remaining faithful to our DNA."

The three-phase approach to electrification starts this year. From 2021 to 2022, Lamborghini will focus on "presenting models paying tribute to the company's recent period of continuous success". Expect two new cars in the V12 model line-up to be announced this year.

By the end of 2024, the hybrid transition for the automaker will be well underway. In 2023 Lamborghini will launch its first hybrid series production car and by the end of 2024, the entire range will be electrified. The company's internal target for this phase is to reduce product carbon dioxide emissions by 50 percent by the beginning of 2025.

In this second phase, Lamborghini is committed to keeping the drive experience in focus as well as the application of carbon fiber materials, which the company sees as crucial in developing their new product lineup.

Lamborghini is committing to bringing the company's first fully-electric car to the market in the second half of the 2020s with a number of electric vehicles on the horizon. The automaker expects to introduce a fourth model.

The automaker has initiated an investment of 1.5 billion euros to create the pathway to electrification. The money will be spent over four years time.

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Tesla claims that its Cybertruck will go into production this year.

Photo courtesy of Tesla, Inc.

In a presentation to investors this morning, Ford Motor Company revealed that it has received 70,000 reservations for its just-debuted F-150 Lightning electric truck. Its on-paper chief rival, the Tesla Cybertruck, has over one million according to data acquired by Finbold. Rivian, who is nearly ready to start production of its R1T all-electric truck, has over 30,000 reservations, according to reporting by InsideEVs.

Reservations are not orders or sales though they do serve as an indicator of the buying public's enthusiasm for a new model. More and more automakers are switching to online reservations to gauge buyer interest, determine proper product mix, and stay in touch with clients on a more personal level. Hyundai did this with the 2022 Tucson and Ford has successfully used it to launch the Mustang Mach-E.


2022 Ford F-150 Lightning The 2022 Ford F-150 Lightning has an all-electric powertrain in its familiar body. Photo courtesy of Ford Motor Company

Tesla opened reservations for the Cybertruck immediately following its debut around the same time as the 2019 Los Angeles Auto Show where the Mustang Mach-E also debuted. Last July, Finbold revealed that their data showed that there were around 650,000 reservations. In 2018 and 2019 Tesla produced 612,120 vehicles.

Finbold's fresh research indicates that as of May 25, 2021, estimated Cybertruck reservations had reached 1.08 million. That number is more than the 866,750 total vehicles delivered by Tesla in two years between 2019 and 2020.

Though construction at the future home of the Cybertruck, Tesla's Austin, Texas plant, is ongoing, Tesla no longer features the Cybertruck alongside its existing models. The truck's homepage is currently housed in a "see more" style hamburger menu as a singular link alongside the Roadster and Semi. The Cybertruck was originally slated to begin production later this year.

The F-150 Lightning is expected to reach consumers ahead of the Tesla Cybertruck despite the fact that the Cybertruck was unveiled years ahead of the F-Series model. Both have fully electric powertrains. Ford will also offer the electric truck in a fleet version.

Ford has given more specifics about the 2022 Ford F-150 Lightning than Tesla has about the Cybertruck. It will look much like a traditional F-150 but have an electric powertrain that gives it a maximum of 563 horsepower and 773 pound-feet of torque. The truck is being built to be capable of towing though doing so will likely decrease the truck's 300-mile maximum range considerably.

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