Volvo plans to cease producing cars that only have internal combustion engines (ICE) by 2019, as the Swedish manufacturer looks to place electrification at the core of its future business.
Replacing its ICE cars, Volvo will introduce a portfolio of electrified cars across its model range, embracing fully electric cars, plug-in hybrid cars and mild-hybrid cars.
It will launch five fully electric cars between 2019 and 2021, which will be supplemented by a range of petrol in diesel plug-in hybrid and mild-hybrid 48-volt options on all models.
Håkan Samuelsson, president and chief executive of Volvo Cars said: “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.
“This announcement marks the end of the solely combustion engine-powered car. Volvo Cars has stated that it plans to have sold a total of 1m electrified cars by 2025. When we said it we meant it. This is how we are going to do it.”
Although alternative fuelled cars (AFVs) only made up 4.2% of passenger car sales in the first half of 2017, sales are continuing to grow at above market rates. With announcements such as Volvo’s, the performance of all electric manufacturer Tesla on the stock market, and the recent announcement in the Queens speech involving electric charge stations in all petrol stations should help push sales even further.