The firm will manufacture only fully electric and hybrid models within two years.Described as one of the most significant moves by any carmaker towards the production of electric vehicles, Volvo said on Wednesday that all models launched from 2019 would be fully plug-in or hybrid models. They will be accompanied by several Volvo hybrid models that offer both electric and traditional petrol engine technology. Volvo said it hopes to sell one million electric vehicles by 2025. Part of its strategy has also been to embrace emerging technologies which allow higher performance electric vehicles as well as, eventually, self-driving cars. Last month, the company said Polestar would become a standalone brand that would compete with the likes of Tesla in producing high-performance electric vehicles.

Source: Daily News Egypt July 05, 2017 10:52 UTC