CHICAGO - JULY 26: A Volvo logo is displayed on the grill of a new car sitting in a showroom July 26, 2007 in Chicago, Illinois. Ford, which owns the Volvo brand, today posted its first quarterly profit in two years. The auto maker, which is in the midst of a restructuring, recently sold Aston Martin, and has said the sale of its Jaguar and Land Rover brands is probable, is also exploring the idea of selling the Volvo unit. (Photo by Scott Olson/Getty Images)
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Volvo is putting conventional gasoline vehicles in its rear-view mirror.
In a news release, the automaker made the historic announcement Wednesday that every Volvo it launches from 2019 on will have an electric motor.
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“This announcement marks the end of the solely combustion engine-powered car,” said HÃ¥kan Samuelsson, Volvo president and chief executive.
Volvo’s portfolio of electrified cars will include both electric and hybrid vehicles.
The company said it will launch five fully electric cars between 2019 and 2021; three Volvo models and two from Polestar, Volvo’s performance brand.
There will also be a range of plug-in and mild hybrid options available on all models.
“This is about the customer,” said Samuelsson. “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.”
The automaker said it hopes to sell one million electrified cars by 2025 and reduce carbon emissions.
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