As it turns out, news of the death of the internal combustion engine may not be very exaggerated after all. On Wednesday, Volvo Car Group said it expects to soon start phasing out vehicles powered solely by fossil fuels, joining a parade of manufacturers in shifting toward electrics more quickly than most in the industry expected a few years back.
Volvo says it plans to offer only hybrid or full-electric motors on every new model launched in 2019 or later, including five electrics it expects in its lineup by 2021. Though the company will continue to produce full-combustion versions as it makes the small upgrades automakers introduce with each new model year, when a major revamp occurs (typically every seven years) it will no longer offer that option. That means that by about 2025 Volvo will make its last full-gasoline or diesel car — the first major manufacturer to make such …
READ MORE ON BLOOMBERG.COM