Volvo's electric gamble

Starting in 2019, every new Volvo model will run at least partly on electricity

Volvo cars.
(Image credit: JONAS EKSTROMER/AFP/Getty Images)

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Volvo "is betting that the future is electric," said Adele Peters at Fast Company​. Last week, the Swedish firm became the first mainstream car company to commit entirely to electrified vehicles. Starting in 2019, every new Volvo model will run at least partly on electricity. Some will be all-electric cars, while others will be hybrids, which use batteries and electric motors to supplement traditional combustion engines run on gasoline. The standard industry production cycle is seven years, so Volvo will continue to build and sell diesel and gas-powered cars until about 2025. But as those older models are retired, every vehicle in the Volvo fleet will eventually have an electric motor.

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