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Volvo moving to all electric vehicles by 2030

Swedish automaker Volvo says it intends to feature an all-electric vehicle fleet by the year 2030. 

"There is no long-term future for cars with an internal combustion engine," said Henrik Green, Volvo's chief technology officer, this week, according to The Associated Press

U.S. automaker General Motors announced last year it too was shifting to an all-battery-powered approach to vehicle production by 2035. 

The electric cars Volvo says it will make will only be sold online, the company said, but assured local dealerships they will "remain a crucial part of the customer experience and will continue to be responsible for a variety of important services such as selling, preparing, delivering and servicing cars."

"We are firmly committed to becoming an electric-only car maker," Green said. "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."

Fully electric vehicles made up only a fraction, less than 2 percent, of new vehicle sales in 2020, the AP reported

In January, President Biden announced plans to replace the federal government fleet with electric vehicles.

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