In a brave move, Volvo Cars, one of the most famous automotive companies worldwide, announced that every car they will produce starting 2019 will have an electric motor. This means all cars will be a hybrid or an EV. This also broke the record for the company who is known for producing internal combustion engines (ICE).
Tesla may have a fierce competition once Volvo's hybrid and electric vehicles hit the market in the next two years. Reports say that the company is making "electrification" as the core of its business, just like how Elon Musk's Tesla does it.
This move also supports the environment with less fossil fuel consumption paving the way for a greener transportation system.
Volvo electric vehicles
“People increasingly demand electrified cars and we want to respond to our customers’ current and future needs," Håkan Samuelsson, president and chief executive of the company said in an official press release.
Consumers will soon be able to choose from their range of "electrified" units. The company said that they made this bold mode upon receiving tons of requests from customers who wanted to go green and to use electric cars. According to the press release, they will inject electric engines to their range of cars and the different models available.
They are also expected to launch fully electric cars in the future.
Electric and hybrid cars
They will also introduce hybrids. There will be plug-in Hybrid Cars and mild hybrid versions. Hybrid cars will be supported by petrol and diesel plug-in. All cars will have a 48-volt option, considered as the broadest offering for standard EVs in the market today.
Five new fully electric cars will be introduced and are expected to rollout from 2019 to 2021. The company says three of those will be Volvo models while two will be electrified cars from Polestar, a Volvo performance car affiliate.
However, they did not elaborate on the project, instead, they announced that further details will be revealed in the coming days.
The company plans to release about one million electrified cars by 2025. And they reiterated their intent to make it happen to minimize the environmental impact of car production.
"When we said it we meant it. This is how we are going to do it," Samuelsson added in the press release.
The announcement also revealed that Volvo Cars and Polestar will run as separate electrified car companies in the future. Top ranking Volvo official Thomas Ingeniath will lead Polestar as its Chief Executive Officer.
