(Bloomberg) – As it turns out, news of the death of theinternal combustion engine may not be very exaggerated after all.On Wednesday, Volvo Car Group said it expects to soon start phasingout vehicles powered solely by fossil fuels, joining a parade ofmanufacturers in shifting toward electrics more quickly than mostin the industry expected a few years back.
Volvo says it plans to offer only hybrid or full-electric motorson every new model launched in 2019 or later, including fiveelectrics it expects in its lineup by 2021. Though the company willcontinue to produce full-combustion versions as it makes the smallupgrades automakers introduce with each new model year, when amajor revamp occurs (typically every seven years) it will no longeroffer that option. That means that by about 2025 Volvo will makeits last full-gasoline or diesel car — the first majormanufacturer to make such a pledge.
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