Volvo has announced that All Volvo car models launched after 2019 will be electric or hybrids,
On Wednesday, Volvo announced that all of its cars released in 2019 onwards are to use some form of battery-powered engine, ditching conventional petrol-only vehicles altogether. The decision comes after Volvo announced in May that they intended to cease production of diesel vehicles.
The chief executive of Volvo Cars, Håkan Samuelsson, said that “People increasingly demand electrified cars”. Volvo aims to release five new electric vehicle models between 2019 and 2021. While little has yet been revealed about them, the company has stated that two of them are to be high-performance electric vehicles, badged as Polestars.
Volvo has also said that all other new car models from 2019 are to either use a plug-in hybrid or a 48-volt “mild hybrid” system. Audi and Mercedes-Benz are also releasing mild hybrid cars in Europe.
“This announcement marks the end of the solely combustion engine-powered car. Volvo Cars has stated that it plans to have sold a total of 1m electrified cars by 2025. When we said it we meant it. This is how we are going to do it,” Samuelsson said. Volvo is owned by Chinese automotive giant Geely, and China’s Ministry of Industry and Information Technology has said that they want 20 percent of new vehicles sold in 2025 to be “new energy vehicles”, which comes out to be around seven million electric vehicles and hybrids.
Volvo will continue to produce pure combustion-engine cars from models launched before that date, but its move signals the eventual end of nearly a century of Volvos powered solely that way.
While electric and hybrid vehicles are still only a small fraction of new cars sales, they are gaining ground at the premium end of the market, where Volvo operates and where Elon Musk’s Tesla Motors has been a pure-play battery carmaker from day one. As technology improves and prices fall, many in the industry expect mass-market adoption to follow.