The Swedish company has pledged to stop making cars powered solely by an internal-combustion engine by 2019, making them the first major car manufacturer to make such a promise.
As of 2019, every new car from Volvo will either be fully electric, a plug-in hybrid, or at the very least a ‘mild hybrid’ vehicle. In other words, every new car will have some sort of electric motor inside it – which means lower carbon emissions and lower fuel costs for consumers. The firm are set to release five new all-electric models between 2019 and 2021 – including two new models from their high performance Polestar brand.
The manufacturer has also set an ambitious goal of having an entirely climate neutral manufacturing operation by 2025.
“This announcement marks the end of the solely combustion engine-powered car,” said Håkan Samuelsson, president and chief executive of the company. “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.”
It’s clear that Volvo have their sights firmly set on Elon Musk’s Tesla, another pioneering all-electric car brand. “It’s a tough competitor” says Samuelsson, “But with this decision we are really becoming the second premium car maker in the world which will also be all-electrified.”