Geely-owned Volvo Car Group said on today that all new models launched from 2019 will be fully electric or hybrids, spelling the eventual end to nearly a century of Volvos powered solely by the internal combustion engine.
Volvo’s plans make it the first major traditional automaker to set a date for the complete phase-out of combustion-engine-only models though electrification has long been a buzzword across the industry and Elon Musk’s Tesla Motors has been a pure-play battery carmaker from day one.
“This announcement marks the end of the solely combustion engine-powered car,” Volvo Cars Chief Executive Hakan Samuelsson said in a statement.
“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,” Volvo said.
Volvo has invested heavily in new models and plants since being bought by Zhejiang Geely Holding Group from Ford Motor Co. in 2010, establishing …
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