Our story | Volvo Cars

We’re growing fast and have achieved new sales records each year since 2015. We continue to build on that momentum as we strive to reach annual sales of 1.2 million cars by mid-decade.

We’ve introduced our pure electric XC40 Recharge and C40 Recharge – that’s just the start. By mid-decade, we’re aiming for at least 50 per cent of our global sales volume to be fully electric cars, with the rest hybrids. This is a critical step towards being fully electric by 2030.

We meet our customers when and where they choose. They’re increasingly online – so are we. By mid-decade we want at least half of our sales to be online, so we can deliver the simplicity and convenience consumers expect, including physical touchpoints through our strong retail partners.

We aim to seize the opportunities created by the growing premium electric segments and our ambitions are high – by mid-decade we want to be achieving an 8-10% EBIT margin.

By mid-decade, we’re aiming to reduce our overall CO2 lifecycle emissions per car by 40 per cent, compared to 2018. This means more than simply reducing tailpipe emissions – electrification is not enough. We must reduce CO2 emissions across our operations and supply chain.

We’re taking software development in-house as a car’s appeal will be defined by software-driven functions and features.

The next generation of pure electric Volvo models will run on our own operating system. Our mid-decade ambition is to have 50 per cent of all software developed in-house.

We’re global and so is our workforce. Our teams thrive on being a mixing pot of different ideas, experiences, backgrounds and personalities.

Diverse and inclusive teams make quality decisions – they’re critical to our ongoing success. So we strive to be the employer of choice.