Volvo has announced that all of its cars will have some form of electric power by 2019
Hysterical reporting in the press has heralded this as the end of internal combustion engine but this is clearly bunkum as Volvo will be offering hybrids and EVs with a small petrol engine to boost the range, a la the BMW i3.
If we can ignore the hyperbole for a moment, this is a big event for the auto industry. Volvo is owned by Geely, an ambitious Chinese manufacturer. China is by far the largest market for electric cars; sales in the Chinese market are running at almost three times of those for the richer, more mature EU car market. Volvo are getting ahead of the game and this is a bold visionary move which will be copied by other marques. Some will be too late and will be left with a legacy of unsaleable diesel models and will face inevitable decline.
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You can read the FT story on Volvo’s ambitions here.