Volvo to phase out gas-only vehicles by 2019

Volvo vows to go all electric and hybrid after 2019
WATCH: The wheels are in motion at Volvo, as the automaker tries to reduce its footprint on the environment. Volvo says it will soon ditch gas guzzling vehicles altogether in favour of electric models. It's a first in the industry, but will it have drive in the North American market? Mike Drolet reports.

HELSINKI – Swedish car maker Volvo says all its new cars from 2019 will have an electric motor, ending altogether the manufacture of automobiles that have only a combustion engine.

Volvo Cars, which describes the decision as “one of the most significant moves by any car maker,” says it will have a range of models, including fully electric vehicles and hybrid cars.

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CEO Hakan Samuelsson said Wednesday the policy reflects the wishes of customers.

He said: “People increasingly demand electrified cars and we want to respond to our customers’ current and future needs.”

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Volvo said that it will launch five fully electric cars between 2019 and 2021. Three of them will be Volvo models and two will be electrified cars from Polestar, Volvo Cars’ performance car arm.

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