Ninety-year-old Swedish car maker Volvo has announced it will stop making cars that only use fossil fuels, with its entire catalogue to feature electric motors from 2019.
“This announcement marks the end of the solely combustion engine-powered car,” said Volvo president and chief Håkan Samuelsson.
“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.”
From 2019, the manufacturer plans to release five fully electric cars badged both as Volvo and as its performance brand Polestar. The rest of the range will feature plug-in hybrid and 48V “mild hybrid” options for customers.
No further details were released on the electric models.
The company has a publicly stated goal of having climate-neutral manufacturing processes by the year 2025. Volvo Cars also announced last month that its Polestar arm would have its own badge and would focus on electrified vehicles, in a similar vein to Tesla’s current high-performance catalogue.
Samuelsson said the company, established in 1927, had to make the change due to customer demand.
“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,” he said.
Volvo — still headquartered out of Gothenberg, Sweden — has been under the ownership of Chinese company Zhejiang Geely Holding since 2010, when Ford handed over the reins in the aftermath of the global financial crisis.
Here’s the video from Volvo’s announcement:
— Volvo Cars (@volvocarsglobal) July 5, 2017
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