Volvo to launch six EVs by 2026, including two sedans – report

Volvo will launch at least six new electric vehicles before 2026 as the company moves closer to its goal of a fully electric range by 2030.

Reuters obtained the information from two sources with knowledge of Volvo’s future plans.

The electrification plans reportedly include the replacement of three SUVs and two sedans from Volvo’s existing range with electric vehicles, as well as the introduction of an electric people mover for the Asian market.

For more driving news and videos, visit Driving >>

The S60 and S90 sedans and XC40 and XC60 crossovers will reportedly receive electrical replacements.

The EX90, the first of Volvo’s upcoming electric vehicles, has already been announced and confirmed for Australia. The crossover SUV was announced last year and will be available in early 2024 as a replacement for the seven-seater XC90.

Teased earlier this year by Qin Peiji, President of Volvo Cars Greater China Sales Company, the EV People Mover is set to be unveiled as a “semi-concept” in the third quarter of this year and launched by the end of the year.

The people mover is said to be based on the Zeekr 009, another model from a Geely-owned brand specifically aimed at the Chinese market.

Like many other Volvo vehicles, including upcoming sedan electric vehicles, development of the EV People Mover will reportedly take place at Volvo’s new R&D center in Shanghai.

The sources told Reuters that the electric overhaul of Volvo’s lineup also stems from the company’s desire to “have a greater focus on customer trends in Asia and drive sales there.”

It’s unclear what the future holds for Volvo’s V60 and V90 wagons. This body style remains relatively popular in Europe, but dramatically less so in markets like China and the US.

Volvo Car Australia chief executive Stephen Connor said the local division will be ready to make the jump to a full EV range by 2026, four years ahead of the brand’s global target.

Chinese auto giant Geely owns an 82 percent stake in Volvo, and the electric makeover will be the biggest reconfiguration of Volvo’s lineup since the acquisition in 2010.

Volvo Australia is steadily moving toward its EV future, selling more pure electric vehicles than ICE vehicles in December.

It currently only offers two electric vehicles: the XC40 Recharge and the C40 Recharge.