THE GOOD

Finweek English Edition - - THE WEEK -

Ev­ery Volvo pro­duced from 2019 on­wards will have an elec­tric mo­tor, the car­maker an­nounced on 5 July, mak­ing it the first tra­di­tional car­maker to call time on ve­hi­cles pow­ered solely by an in­ter­nal com­bus­tion engine, ft.com re­ported. From 2019, Volvo, which was pur­chased by China’s Geely in 2010, will make three types of cars: pure elec­tric, plug-in hy­brids, and so-called “mild” hy­brids that com­bine a small petrol engine with a large bat­tery, the au­tomaker said. China is the world’s big­gest mar­ket for elec­tric car sales, with nearly 265 000 pure-elec­tric ve­hi­cles sold in the coun­try last year, com­pared with 110 000 in the whole of Europe, ac­cord­ing to data from EV-Vol­umes.com.

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