Volvo’s Gearing to go All Electric
It’s been a good week for electric automobiles, thanks to two major global commitments. First, China’s Geely announced that Volvo, the Sweden-based brand they purchased back in 2010, will produce only electric or hybrid vehicles starting in 2019. This will include five new models produced at Volvo plants worldwide—three under the Volvo name and two under Polestar (Volvo’s performance brand). This makes Volvo the first traditional global automaker to make such a promise and step away from the internal combustion engine. Unrelated but also of value, this week France agreed to ban the sale of gas and diesel cars by 2040.
Via reuters.com link opens in a new window
