Volvo Enters Electric Car Market

Technology > IT

Volvo will become the first major carmaker to go all electric after the Swedish company announced its plans to have an electric powertrain in every car in its range available starting 2019.

The company said the announcement marks “the historic end” of cars solely powered by petrol or diesel and “places electrification at the core of its future business.”

Håkan Samuelsson, Volvo chief executive, said. “People increasingly demand electrified cars and we want to respond to our customers’ current and future needs.”

Volvo’s announcement was made on the same week whenTesla announced that its low-cost Model 3 electric car will go on sale.

Luxury car manufacturer Volvo -- which is owned by China’s Geely -- will launch five fully electric cars across its range between 2019 and 2021.

Two of these new cars will be in the company’s Polestar high-performance sub-brand, which is being revived.

The rest of the company’s range will be available with “plug-in hybrid” powertrains, meaning customers will be able to specify an environmentally friendly option on all Volvo cars.

“This announcement marks the end of the solely combustion engine-powered car,” said Samuelsson. “We have said we plan to have sold a total of one million electrified cars by 2025. When we said it, we meant it. This is how we are going to do it.”

Photo by: Overlaet / Wikimedia Commons