Beijing is getting serious about electric vehicles and auto makers in the world’s largest car market—electric or otherwise—are taking note. On Wednesday, Volvo, owned by China’s Geely, said it would phase out the internal combustion engine and only make fully electric or hybrid cars by 2019. The Swedish company’s historic move follows Beijing’s update to its electric-vehicle policy last month, designed to encourage more production of cars that use bigger batteries and therefore can travel further. That should benefit...

Source: Wall Street Journal July 05, 2017 09:56 UTC