Volvo recently announced that it plans to make and sell only electric cars from the year 2019. This will make it the first major traditional automaker to set a date for phasing out vehicles powered solely by an internal combustion engine.
The vast majority of cars are not hybrid or electric based right now. But they are steadily gaining ground in the market which is being primarily held by Elon Musk’s Tesla Motors. As technology improves and prices fall, many in the industry expect mass-market adoption to follow.
The Zhejiang Geely Holding Group owned company has set a target to launch 5 models by 2019 to 2021. Three of them would be Volvos, and two Polestar-branded. These five cars will be supplemented by a range of petrol and diesel plug-in hybrid and mild hybrid 48-volt options on all models.
“We’re talking about customers,” says President and CEO Håkan Samuelsson. “Electric vehicles are increasingly in demand and we are looking to meet the current and future needs of our customers. Now, these have the free choice from all new Volvo models.”
China: Coming Soon
Volvo has invested heavily in new models and plants since being bought by Geely from Ford in 2010, establishing a niche in a premium auto market which was more predominately held by BMW or Mercedes.
The first electric car will be introduced in China based on its architecture. After that, it will be fully introduced in the open market by 2019. India plans to outlaw gas vehicles by 2030 too.
Following the lead of Volvo, BMW plans to introduce an electric version of its popular 3 Series in September. Cars are even being recycled now. The world is going green!