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Volvo expects a third of its cars to be autonomous by 2025

by Justin King

The company expects half its sales to be from fully electric cars by the middle of the next decade.

Volvo has announced an extremely ambitious forecast for autonomous technology and electric powertrains.

The Swedish marque expects a third of its sales to be autonomous driving cars by the middle of the next decade, with half of its distribution to be fully electric cars.

The company will continue to focus on subscription service, aiming to become a "direct consumer services provider" with five million direct consumer relationships and increased profits through 2025, according to CEO Hakan Samuelsson.

"The company has been transformed since 2010 into a global premium car company," the executive says. "Now it is time for this transformation to be turned into a period of sustained profitability in line with other premium brands."