Volvo Plans to Phase Out ICE Version of XC40: Report
Volvo is reportedly considering discontinuing the internal combustion engine (ICE) version of its XC40 SUV. According to a report, the automaker may phase out the ICE variant of the XC40 in the coming years as part of its transition towards electrification.
The XC40 is currently offered with both petrol and diesel engines in addition to the fully electric version, the XC40 Recharge. However, the company has set an ambitious goal to make
50% of its global sales fully electric vehicles by 2025 and to be a fully electric brand by 2030.
The potential discontinuation of the ICE variant of the XC40 is in line with Volvo's commitment to sustainability and reducing its carbon footprint. The company has already made significant investments in electric vehicle technology and plans to launch several new electric models in the coming years.
In addition to electric vehicles, Volvo is also
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other sustainable technologies such as hydrogen fuel cell vehicles. The company recently announced a partnership with Daimler Trucks to develop fuel cell systems for heavy-duty vehicles.
The move towards electrification is not unique to Volvo, as many automakers are also making similar commitments to reduce their carbon emissions and transition towards sustainable transportation. Governments around the world are also implementing policies and incentives to encourage the adoption of electric vehicles.
While the potential
discontinuation of the ICE variant of the XC40 may be a significant step towards Volvo's electrification goals, it remains to be seen how quickly the company can achieve its targets and what impact this will have on its overall sales and profitability. However, with growing consumer demand for electric vehicles and increasing pressure to address climate change, the shift towards electrification is likely to be a long-term trend in the automotive industry.