Volvo to Only Make Hybrid and Electric Cars by 2019
Volvo has announced that it is entirely done with the traditional engines and exclusively gas-powered vehicles. According to Volvo, by 2019, the company intends to only offer either hybrid or fully electric engines on all new model. This move by the Volvo makes it the only traditional automaker to have committed itself to the use of alternative drive trains.
While the end of the completely internal combustion based engines seems likely in the time to come, the announcement by the Volvo will seemingly apply more pressure on other automakers which are reeling under pressure from Tesla’s advances as well.
Volvo had earlier set a target of selling 1 million hybrid and electric cars by 2025, and it seems the target will be more easily achievable now that the company will only be producing cars which are electric and hybrid. The company had also made an announcement that it will launch five new hybrid and electric vehicles between 2019 and 2021. Volvo had recently also announced about its Polestar being a standalone company for competing with high-end Tesla Models.
Additionally, the car’s efficiency will be improving with time. The cost, however, would be about $15,000 more than the current basic cost.
The company also stated that the first production lot would take place in China, while the rest of the production will continue to rise in other parts such as Europe and UK. Also, the supplier for the car batteries has not confirmed yet.