Tesla Loses Stranglehold As EV Revolution Accelerates

7 Jul 2017   Electric Cars

Volvo became the first major auto company to announce the phase out of the internal-combustion engine from its lineup. The Chinese-owned Swedish car company announced on July 5 that every car it builds beginning in 2019 will have some sort of electric motor, “marking the historic end of cars that only have an internal combustion engine (ICE) and placing electrification at the core of its future business,” the company said in a press release. “This is about the customer,” Håkan Samuelsson, president and CEO, said in a statement. “People increasingly demand electrified cars and we want to respond to our customers’ current and future needs. You can now pick and choose whichever electrified Volvo you wish.” Volvo’s entire lineup will either be fully electric or hybrid-electric by 2019. Volvo laid down a marker, becoming the first company to announce the beginning of the end of gasoline and diesel-powered cars. […]

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