Volvo to Go Fully Electric

Volvo, the Chinese-owned Swedish automaker, announced Tuesday that starting in 2019 it will only make fully electric or hybrid cars. “This announcement marks the end of the solely combustion engine-powered car,” Håkan Samuelsson, Volvo’s president and chief executive, said in a statement.

The move is a significant bet by the carmaker that the age of the internal-combustion engine is quickly coming to an end—though the Gothenburg, Sweden-based automaker is lone among the world’s major automakers to move so aggressively into electric or hybrid cars. Volvo sold around half a million cars last year, significantly less than the world’s largest car companies such as Toyota, Volkswagen, and GM, but far greater than the 76,000 sold by Tesla, the all-electric carmaker.

Recommended For You   Nokia 5 (2018) could be coming very soon

Volvo said Wednesday that starting in two years, its cars will be electric, plug-in hybrids or mild hybrids. Between 2019 and 2021, Volvo will launch three fully electric cars and two high-performance electric cars from Polestar, which will be spun off into a separate premium car company. Volvo said these five cars “will be supplemented by a range of petrol and diesel plug in hybrid and mild hybrid 48 volt options on all models.”

Recommended For You   How To Increase The Speed Of Your Slow Android Phone

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe For Latest Updates

Signup for our newsletter and get notified when we publish new articles for free!