Volvo Car Group said on Wednesday that all new models launched since 2019 will be fully electric or hybrid, which will give the eventual end almost a century of Volvo driven only by the internal combustion engine.
The company based in Göteborg continue to produce pure Volvo combustion engine from the mold before the date models, but said it would introduce a whole car models ranging from fully electric cars to plug-in hybrids.
Volvo plans to become the first large traditional automaker to set a date for the complete elimination of combustion engine models.
Electrification has long been a buzzword in the industry and Tesla Motors Elon Musk was a pure battery maker game from day one.
“This announcement marks the end of the car’s combustion engine one,” said Volvo Cars CEO Hakan Samuelsson said in a statement.
Five new models launched in 2019 through 2021 – three of them, and two Volvo Polestar-brand – will be totally or partially electric.
“These five cars will be complemented with a range of gasoline and diesel plug in hybrids and hybrid options sweet 48 volts on all models,” Volvo said.
“This means there will be more in the future Volvo cars without electric motor.”
Volvo has made major investments in new models and plants since the purchase by Zhejiang Geely Holding Group of Ford Motor Co in 2010, creating a niche in an exclusive motor dominated by major market competitors such as Mercedes-Benz and BMW Daimler .
Part of their strategy was also to adopt new technologies that allow electric vehicles to more efficiently and eventually drive cars.
Last month, Volvo said to reorganize its Polestar activity into an autonomous brand, focused on the performance of the electric car designed to compete with Tesla and Mercedes AMG division.
Volvo has also taken action for a future list, which raised 5 billion Swedish kronor of institutional investors through the sale of preferred new-issue securities last year, although the company has said no decision was taken on a public offering initial.