Volvo stops producing cars on gasoline
Volvo will completely abandon the production of cars with internal combustion engines in 2019.
A year later, the Swedish auto concern plans to fully switch to the production of electric cars, although in the model range will remain cars with hybrid engines. Thus, Volvo will be the first major manufacturer to completely abandon internal combustion engines.
The demand for electric cars is growing, so we want to respond correctly to the current and future needs of our customers,” said Volvo CEO Håkan Samuelson.
From 2019 to 2021, the Swedish manufacturer plans to produce five electric cars, two of them will be produced under the Polestar brand, owned by Volvo.
According to the EV-Volumes portal, last year around 775 thousand cars equipped with electric motors were sold worldwide – less than 1% of all cars sold.
The company was founded in 1915 by Assar Gabrielsson (Swede Assar Gabrielsson) and Gustaf Larson (Swede Gustaf Larson) as a subsidiary of the well-known bearing manufacturer SKF. April 14, 1927 was released the first production car Jakob OV4 (with the engine capacity of 28 hp, the maximum speed – 90 km