Volvo says it will make only electric vehicles by 2030. But if you want one, you'll have to buy it online. The Swedish automaker said Tuesday that it is phasing out the production of all cars with internal combustion engines — including hybrids. "There is no long-term future for cars with an internal combustion engine," said Henrik Green, Volvo's chief technology officer. Volvo's announcement follows General Motors' pledge earlier this year to make only battery-powered vehicles by 2035.
In November, Volvo global plug-in electric car sales decreased year-over-year by 8% to 22,948 units, which accounted for 36% of the brand's total volume.