
It looks like Volvo finally succumbed under peer-pressure and decided to join the sustainability movement.
The Chinese-owned automaker announced it is going to become fully electric by 2030 and that all sales of its electric models are going to move online. Volvo (VOLV-B) is also committing to remove all cars with internal combustion engines, which includes hybrids, from its portfolio lineup by the set deadline.
The automotive giant’s first all-electric car was unveiled last year as the race to the electric vehicle market continues at full speed (although we all know who is ahead… cough, cough, Tesla).