Volvo has been a brand which has been known for its safety over the years. Now, car manufacturer from Sweden is going to be known as an electric vehicle company as well. Volvo has been facing many obstacles such as the shortage of semiconductors and the price variations however all the car manufacturers have been encountering these issues. The commitment of the company is going to be higher for the for the electric vehicles now as it is going to get into the hybrid powertrain or the all-electric vehicles for all of its models. The company which was known all over the world for the cutting edge features of safety and its crash ratings is going to be leading innovation for the automotive industry in the coming years.
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The decision was announced in the last two years and the company has been trying to get its production to become fully electric by the year 2025. Volvo has also made a commitment by 2025 that it is going to have a million vehicles on the road by then.
The other manufacturers have been following suit since then and it is going to impact the world in the most positive manner as the electric vehicles which is going to see a growth in the coming years with Volvo leading the charge for the market.
Volvo is also going to offer a couple of fully charged plug-in models. The new Volvo is going to reach the floors of the showroom in the year 2023 in the form of a 2024 model.
There has been no entry level price suggested yet but there are speculations rife about the electric vehicle price which has created a buzz in the world of electric vehicles. This is going to be a revolutionary growth graph for the company.