In 10 years, some luxury cars will be all-electric, but there’s ...

World

In 10 years, some luxury cars will be all-electric, but there’s a downside

Emissions targets and bans have carmakers racing to switch to zero-emission models, but jobs will be lost

Nick Carey and Helena Soderpalm

Volvo’s car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the end of this decade.

“I am totally convinced there will be no customers who really want to stay with a petrol engine,” Volvo CEO Håkan Samuelsson said when asked about future demand for electric vehicles. “We are convinced an electric car is more attractive for customers.”

The Swedish carmaker said 50% of its global sales should be fully electric cars by 2025 and the other half hybrid models...

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