Volvo Counting Of Self Driving Vehicles To Be A Third Of Sales By 2025

Volvo Cars aims to become a leading player in the global automotive industry by the middle of the next decade. The Swedish car maker announced new financial and operational goals that will help them achieve their ambitions, including betting big in autonomous technologies.

Volvo said that it expects one third of its sales annually to come from self-driving vehicles, which is arguably the most ambitious (and the first) target yet in the whole automotive industry.

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carloslassiter - 6/7/2018 1:20:19 PM

-4 Boost

Uh oh. The fossils in this forum aren't going to like this.

Maybe another article about Trump's brilliant protectionism plan to calm them all down?

TheSteve - 6/7/2018 3:40:27 PM

+1 Boost

I observe that humans are terrible at Crystal Ball Gazing.
- Electricity too cheap to meter (Atomic Energy Commission, 1940s)
- Flying cars (1950s)
- Jet Packs (1960s)
- The 1 million EVs Obama wanted on the road by 2016
- The Second Coming (how many times has that been predicted and passed?)

By all means, keep improving. Keep striving for awesome. That's great! Just don't make these silly predictions and look like a fool when they don't come true.

EVisNow - 6/7/2018 11:34:22 PM

0 Boost

Weren't you doing the same "ball gazing" about Tesla's upcoming demise in another post a few days ago before the shareholder meeting ?

SanJoseDriver - 6/10/2018 5:25:58 AM

+1 Boost

With EVs, it's a matter of economics. If you can produce a car with 200+ miles of range for less than an ICE, then it is game over. Right now the car component dropping in prices the fastest are EV batteries. Cost parity is roughly a pack cost of $100 kWH (est. to hit in ~2020 for Tesla, add another year or two for other companies). Almost all of the automakers know the costs of making an EV be less than an ICE eventually, it's just a matter of time and that is why you are seeing these claims.

Sidenote to the last comment, Tesla has turned a profit on two different quarters.

MDarringer - 6/7/2018 4:00:18 PM

+1 Boost

LOL @ ball gazing.

carloslassiter - 6/8/2018 11:15:54 AM

-1 Boost

Tesla turning a profit yet. Going on a decade now?
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It's all about market share. Get to scale first, profits to follow.

Hey, how much would GM be making if they hadn't been bailed out by Mr. & Mrs. American taxpayer?

SanJoseDriver - 6/10/2018 5:26:59 AM

+1 Boost

It should be, it's a valid point.

carloslassiter - 6/9/2018 7:26:13 PM

+1 Boost

Answer the question.