The car company announced on Wednesday that it plans to launch only electric models from 2019 onward, ditching the internal combustion engine.
We are committed to electrification, so from 2019 all new Volvo car models will include an electric motor. #VolvoCarsEVs pic.twitter.com/FWGVKyAdgo
Volvo is set to release five fully electric models between 2019 and 2021. It will continue to produce existing gas and diesel models, but plans to completely phase them out around 2024.
“This announcement marks the end of the solely combustion engine–powered car,” Volvo CEO Håkan Samuelsson said in a statement. He says the switch was driven by customer demand and will help the company reach its goal to sell 1 million electric cars by 2025.
While electric cars make up only a small fraction of new cars bought — mainly due to their historically high prices — Reuters reports that many in the automotive…
