Volvo to launch only electric and hybrid cars from 2019

Volvo has announced that all of its new cars from 2019 will either be electric or hybrid. The company will not launch any new model with a sole internal combustion engine (ICE) as the propulsion source.

The company has also announced that it will be launching a range of new models that will be classified into three major categories - all-electric, plug-in hybrid and mild hybrid. It is planning to launch a total of 5 all-electric cars between 2019 and 2021. Out of these, three will be sold under the Volvo name, while the other two will be a part of Polestar's line-up. Volvo had recently spun Polestar into a stand-alone company that will produce performance-oriented electric cars.

In addition to its all-electric range, Volvo will also be introducing a range of petrol and diesel plug-in hybrid and mild hybrid 48-volt options on all its models. The company will be releasing more details about its massive electrification drive at a later date.

The above announcement is part of Volvo's plans to sell a total of 1 million (10 lakh) units of electrified cars by the year 2025. Additionally, the company is also tweaking its manufacturing operations to make them climate neutral by 2025.