Volvo Says It Will Only Make Electric and Hybrid Cars Starting in 2019

Volvo has announced that starting in 2019, all of the new models it produces will be electric or hybrid. From a report: "This announcement marks the end of the solely combustion engine-powered car," said Hakan Samuelsson, Volvo president and chief executive, in a statement. "Volvo Cars has stated that it plans to have sold a total of 1 million electrified cars by 2025. When we said it we meant it. This is how we are going to do it." The move makes Volvo the first traditional automaker to set a date to phase out cars powered only by internal combustion engines, Reuters reports. The company said it will launch five fully electric cars between 2019 and 2021. Three of these will be Volvos, and two will be sold under the company's Polestar "electrified performance brand."