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[ Volvo Phasing Out Cars Powered Solely By Gasoline Or Diesel ]

Volvo announced that all the new car models it introduces from 2019 onward will be either hybrids or powered solely by batteries. The company’s existing car models will still have combustion engines, but it plans to phase out cars powered solely by gasoline or diesel by 2024. While the strategy has risks, Volvo CEO Hakan Samuelsson, told the New York Times, “a much bigger risk would be to stick with internal combustion engines.” A day later, France announced that the country intends to end the sale of gasoline- and diesel-powered vehicles by 2040.

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