Volvo Cars has announced it aims to sell up to one million electric vehicles (EVs) by 2025.
To achieve the goal, the car manufacturer has planned to launch at least one new chargeable vehicle per year.
The Swedish firm added it will allow them to offer two plug-in hybrids or EVs per model. It also plans to launch the first all-electric car in 2019.
Volvo will also prepare the market for greater EV sales by promoting market acceptance which will involve enabling customers to understand their future needs and preferences and encouraging authorities to support EV infrastructure, it stated.
The Swedish firm added it has been readying itself for the “emergence of EVs for the last five years”.
It also announced it aims to be climate neutral in all its manufacturing operations by the same period through energy efficiency and by securing climate-friendly energy supplies.
Håkan Samuelsson, President and CEO said: “It is a deliberately ambitious target. It is going to be a challenge but Volvo wants to be at the forefront of this shift to electrification.
“Sustainability is nothing new or something that sits outside our operations, it is something that forms an integral part of everything we do. It is simply our way of operating. This new sustainability commitment reflects Volvo Cars’ fundamental belief that we must also grow responsibly.”