Volvo is set to become the first major car manufacturer to go all-electric with its road production vehicles from 2019.
Volvo issued a statement earlier this week confirming that every car it launches from 2019 onwards will be electrified in some way, either through a hybrid system or by going all-electric as the company works on “placing electrification at the core of its future business”.
“This is about the customer,” Volvo president and CEO Håkan Samuelsson said. “People increasingly demand electrified cars, and we want to respond to our customers’ current and future needs. You can now pick and choose whichever electrified Volvo you wish.
“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.”
Volvo plans to launch five fully electric cars between 2019 and 2021, two of which will be high-performance models under the Polestar arm.
The news also comes amid ongoing speculation that Volvo could be set to enter Formula E in the near future, with plans known to be under consideration with officials at the Swedish marque.