Volvo Cars is strongly committed to electric mobility, developing and producing hybrid and all-electric cars. In 2020, the company doubled its e-vehicle sales, which today already accounts for 29% of Volvo’s total sales in Europe and which is projected to represent half of the company’s worldwide sales by 2025.
Volvo’s Ghent assembly plant is a forerunner in e-mobility. In spring 2020, a new factory was commissioned to assemble the electric batteries for its own cars. In autumn 2020, the first fully electric XC40 Recharge rolled off the assembly line.