Volvo President/CEO: All Our New Cars Will Be Electric or Hybrid by 2019

Talk about a game-changer. Volvo delivered one to the auto industry on July 5.

Volvo announced that by 2019, all new models will either be fully electric or run by hybrid engines. Volvo Cars President/CEO Hakan Samuelsson said the decision “marks the end of the solely combustion engine-powered car” and shows the company’s commitment to its stated goal of selling one million hybrid and electric cars by 2025.

Such forward thinking already is leading Volvo to significant growth in sales, revenue and net profits. It also looks to play well with regulators and consumers concerned about decreasing the impact of auto emissions on global climate change.

Click here to read “Volvo Plans to Go Electric, to Abandon Conventional Car Engine by 2019” in the Wall Street Journal.