Volvo Cars  has announced that it aims to sell up to one million electrified cars by 2025 and the Swedish company plans to achieve this aim by offering at least two hybrid versions of every model in its range and releasing its first all-electric car in 2019.

Håkan Samuelsson, president and chief executive of Volvo Cars, 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.”

Volvo Cars has been readying itself for the emergence of electrified vehicles for the past five years. It has developed two all-new vehicle architectures for larger and smaller cars – Scalable Product Architecture (SPA) and Compact Modular Architecture (CMA) – that can incorporate either hybrid or fully electric car technology.

Its larger 90 series and 60 series cars are to be built on SPA, and it will soon launch a global range of smaller 40 series cars on CMA. All of these cars will have electrified versions. The one million electrified car target is a cumulative total.