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Betting on death of petrol cars, Volvo to go all electric by 2030

Volvo's entire ดาวน์โหลด slotxo car line-up will be fully electric by 2030, the Chinese-owned
company said on Tuesday, joining a growing number of carmakers planning to phase out
fossil-fuel engines by the end of this decade.

"I am totally convinced there will no customers who really want to stay with a petrol engine,"
Volvo Chief Executive Håkan Samuelsson told reporters when asked about future demand
for electric vehicles. "We are convinced that an electric car is more attractive for customers."

The Swedish carmaker said 50per cent of its global sales should be fully-electric cars by
2025 and the other half hybrid models.

Owned by Hangzhou-based Zhejiang Geely Holding Group, Volvo said it will launch a new
family of electric cars in the next few years, all of which will be sold online only. Volvo will
unveil its second all-electric model, the C40, later on Tuesday.

Samuelsson said Volvo will include wireless upgrades and fixes for its new electric models -
an approach pioneered by electric carmaker Tesla Inc.

Carmakers are racing to switch to zero-emission models as they face CO2 emissions
targets in Europe and China, plus looming bans in some countries on fossil fuel vehicles.