Why Volvo Is Speeding Up Its EV Plans While Everyone Else Is Slowing Down The all-new Volvo EX60 is just the beginning of an even bigger EV push by the Swedish automaker. As the all-new 2027 Volvo EX60 starts rolling off the line in Sweden, the automaker was recently granted an exemption to sell connected cars in the U.S. like the EX60 that use software developed in China. It’s a big win for the brand, which, along with its Chinese parent company Geely, has had to navigate myriad issues surrounding software and manufacturing with the cars it imports to America. So, what’s next for the premium automaker that’s a niche player on the global stage? “We need more cars,” said Volvo CEO Hakan Samuelsson. And by cars, he means electric vehicles, a pursuit that flies in the face of the industry at large that’s doubling down on hybrids with internal combustion engines and slow-walking EV plans. “I said last time we should be all electric by 2030,” said Samuelsson. The world may not be moving that fast, but Volvo wants to be ready by the end of the decade with more models utilizing its new SPA3 architecture that underpins the EX60, an electric midsize SUV, and software-defined vehicles designed to receive over-the-air updates, allowing them to continually evolve. These are the areas where Volvo is concentrating its capital investment. “We should be prepared to be all electric because I am totally convinced the future for a small company like Volvo is not to try to slow down development. We should try to speed up,” said Samuelsson. In fact, he thinks the industry as a whole should not slow the transformation to electrification. “We think it should be faster and we want to be faster than the others.” The CEO recognizes