“Our customers are asking more and more about electric cars,” Hakan Samuelsson, the chief executive of Volvo, said in a telephone interview Wednesday. Still, most carmakers expect the share of electric cars to grow quickly as the technology improves, prices fall and public charging stations become more commonplace. Although no other traditional carmakers have declared their intention to bury the internal combustion engine, virtually all of them are investing in hybrid and battery technology. Even though consumer demand for electric cars is so far small, carmakers see it as a way for them to meet stricter fuel economy and pollution standards. Volvo said on Wednesday that it would introduce five models from 2019 to 2021 that would run solely on electric power.

Source: New York Times July 05, 2017 11:03 UTC