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Volvo Cars has said it will only manufacture and sell fully electric vehicles by 2030, as part of the automaker’s broader transformation that will include moving sales online.

“The key to sustainability is electrification,” Volvo Cars CEO Håkan Samuelsson said in a presentation Tuesday. “With the investments in charging infrastructure, this is the right course to take and the course we have chosen at Volvo.”

The announcement was tied to the launch of the C40 Recharge, a low-profile crossover based on the company’s CMA vehicle platform. While the C40 is Volvo’s second vehicle from Recharge focused on electric vehicles, it is the first designed solely as a pure electric vehicle. All Volvo vehicles equipped with fully electric and plug-in hybrid powertrains are housed under the Recharge brand. Like the XC40 Recharge, it will feature an infotainment system powered by Google’s Android operating system as well as the ability to perform over-the-air software updates.

“It’s a car of firsts and it’s a car of the future,” said technical director Henrik Green, adding that the C40 will have two engines, a 78-kilowatt-hour battery and an estimated range of 420 km / time via upgrades. software updates.

The company is on track to meet its electrification target, according to Samuelsson, noting that last year one in three cars sold in Europe was a Recharge model, a plug-in plug-in hybrid.

Volvo, which is owned by Chinese Geely Holdings, aims for 50% of its global sales to be fully electric cars, with the remainder being hybrids. By 2030, every car sold is expected to be fully electric, the company said.

Volvo’s evolution isn’t just about the powertrain.

“The future customer offering can’t just be an electric car,” Samuelsson said. “We also need to listen to our consumers, and they expect transparency and a seamless experience to get and have a car.”

Volvo will only sell its all-electric vehicles online and at predefined prices. Customers will be able to subscribe or purchase the vehicles, which will come with a customer service package. Vehicles will also have pre-selected configurations to shorten the time between ordering and receiving a vehicle.

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