Business
09:53, 06-Jul-2017
Volvo putting the brakes on gasoline fueled engines
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Volvo Cars on Wednesday announced plans to switch all of its models to electric starting in 2019. Geely, Volvo's Chinese owner, has been quietly pushing ahead with electric car development for more than a decade.
Volvo Electric Concept Car/ VCG
Volvo Electric Concept Car/ VCG
Volvo said they plan to launch five fully electric models between 2019 and 2021 and a range of hybrid models. But it will still be manufacturing earlier models that have pure combustion engines.
Volvo aims to sell one million electric cars by 2025.