Volvo has announced that from 2019, all new model releases will feature an electrified powertrain, meaning that it will either be a mild-hybrid, plug-in hybrid, or full EV. The brand will continue to sell cars solely powered by combustion engines until about 2023, depending on new model development timing.
While this is a big industry news, as no other traditional brands have committed to electrifying their entire lineup, it may not be considered as significant by the time 2019 and especially 2023 come around. Consider this as more of a brand direction announcement, rather than a major technological advancement.
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