The head of Volvo proposed to ban cars on the internal combustion engine
Håkan Samuelsson believes that such measures are more effective than stimulating sales of electric cars.
Banning the use of cars powered by internal combustion engines works more effectively than encouraging people to buy electric cars. This was stated by the President and CEO of Volvo Cars, Håkan Samuelsson, at the FT Live: Future of the Car Digital Conference.
According to Samuelsson, the incentive does not help in building a sustainable and profitable business because it does not set a clear time frame for when gasoline engines will be permanently banned. A future ban does this, which helps automakers build a longer-term strategy.
By 2025, the Swedish company intends to produce 50% of hybrids and 50% of electric cars.
In October, Volvo opened an electric motor laboratory in Shanghai, China. The center will focus on developing electric motors that the company will use in all-electric and hybrid vehicles.
This laboratory will complement existing centers in China and Sweden. The company believes that a large number of its own developments will allow Volvo to independently design and develop electric motors in order to create exclusively electric vehicles in the future.
The Swedish company cites electrification as part of its comprehensive plan to tackle climate change and wants to reduce its carbon footprint.