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Volvo Vaults to Volts, Planning to Pull Plug on Gasoline Engines

July 5, 2017, 2:51 PM

As it turns out, news of the death of the internal combustion engine may not be very exaggerated after all.

Volvo Car Group said July 5 it expects to soon start phasing out vehicles powered solely by fossil fuels, joining a parade of manufacturers in shifting toward electrics more quickly than most in the industry expected a few years back.

The automaker says it plans to offer only hybrid or full-electric motors on every new model launched in 2019 or later, including five electrics it expects in its lineup by 2021. Though the company will continue to produce full-combustion versions ...