After 2019, the Volvo will stop production of cars equipped solely with internal combustion engines, and from that moment will only produce electric cars and hybrids, according to Reuters, citing a company statement.
“This means that in the future will not be Volvo without the motor,” said Volvo CEO Hakan Samuelsson.
The CEO also assured that Volvo will no longer develop new models of internal combustion engines.
In an interview with the Financial Times the CEO of Volvo recalled that the company had previously announced plans to sell by 2025 of 1 million electric vehicles. According to him, the decision to abandon the production of conventional cars will help fulfill this plan.
In the period from 2019 to 2021 controlled by the Chinese Zhejiang Geely Holding Group, Swedish company plans to start production at its plants in Europe, China and the United States five new models of cars under the brands Volvo and Polestar, three of which will be pure electric vehicles.