Volvo CEO Håkan Samuelsson said that the coronavirus will accelerate the pace of change in the auto industry. He said the shift to EVs will be among the major changes that occur due to the pandemic.
He believes that any government efforts to subsidize the auto industry’s recovery should be based on supporting EVs and other new technology.
Volvo plans to launch an all-electric car every year for the next five years. By 2025, Volvo wants all-electric vehicles to represent 50% of its global sales. Online sales with remote delivery and service would replace traditional auto dealership showrooms.
Read the article at Electrek.
