Volvo this week announced a review of its sustainability goals that included new commitments to sell 1 million "electrified" vehicles by 2025 and debut a new all-electric car.
The Swedish automaker set a 2019 target for its first electric vehicle and said that it would offer at least two hybrid versions of all other models.
“It is a deliberately ambitious target,” President and CEO Hakan Samuelsson said in a statement. “It is going to be a challenge, but Volvo wants to be at the forefront of this shift to electrification.”
Volvo previously adopted two manufacturing platforms to accommodate hybrid or electric systems. The 90 series and 60 series models will be produced on Scalable Product Architecture for larger vehicles, while a forthcoming — and smaller — 40 series will be built on Compact Modular Architecture.
The sustainability platform also includes new commitments to establish climate-neutral operations by 2025 — the company's first U.S. plant is currently under construction in South Carolina — and improve environmental collaboration with its international partners.
In addition, the automaker hopes to install women in 35 percent of its leading positions by 2020 and reiterated that as of that year, no one should be killed or seriously injured in a new Volvo.