Volvo to roll out a new electric vehicle every year through 2025
Volvo Cars used the unveiling of the XC40 Recharge, its first electric vehicle, to lay out an ambitious business strategy that includes introducing a new EV every year through 2025 and slashing by 40% the carbon footprint of the lifecycle of every car and SUV it builds. All of the changes are aimed at Volvo Cars' target to become a climate-neutral company by 2040. The goals laid out by Volvo Car Group President and CEO Håkan Samuelsson during a press conference Wednesday to launch the XC40 Recharge will change the structure of the company and affect its supply chain.
