CEO reiterates target of selling one million electric cars and hybrids by 2025
For Volvo the internal combustion engine has run its course.
In the face of competition from upstarts like Tesla Inc., which begins production this week of its new mass-market Model 3 electric battery-powered family car, the Chinese-owned automotive group on Wednesday said all new Volvo models from 2019 would be either fully electric or a hybrid.
