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    All New Volvo Models Will Be Electric Or Hybrid Starting In 2019

    Volvo is the first traditional automaker to set a date to phase out cars powered only by internal combustion engines. Volvo's CEO called Tesla "a tough competitor" in the premium electric market.
    by Laurel Wamsley Jul 05, 2017 2 minutes
    Volvo CEO Hakan Samuelsson announced that all Volvo cars will be electric or hybrid within two years. Above, Samuelsson at Volvo Cars Showroom in Stockholm on Wednesday. / Jonas Ekstromer/TT / Getty Images

    Volvo has announced that starting in 2019, all of the new models it produces will be electric or hybrid.

    "This announcement marks the end of the solely combustion engine-powered car," said Hakan Samuelsson, Volvo president and chief executive, . "Volvo Cars has stated that it plans to have sold a

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