Volvo goes electric across the board

[shenmue]

http://www.bbc.com/news/business-40505671

[NightWatcher]

1. Wow. Good for them. Why not a coal powered car???

Oh yeah, progress.

[exboyfil]

2. Some clarification

It will be new models (the old ones will continue for a while). The mix also includes hybrids.

Big discussion on this topic on WSJ.

https://www.wsj.com/articles/volvo-to-phase-out-conventional-car-engine-1499227202

[snooper2]

3. not really, they will have petro engines for many years to come..maybe by 2030 or so

[YCHDT]

4. This is the root of Russia's and Mid Asia's threat IMHO, in 40 years we wont need that much oil to

... run shit.

in 60 years

[MineralMan]

5. And China Leads the Way

Volvo, once the pride of Swedish industry, is now a Chinese auto manufacturer. It looks like it's going to take the leap to electric cars on its own, and probably with Chinese official support.

How will that affect the US auto market? Probably not much. Since China became a Chinese company, sales are down dramatically and Volvo is no longer considered to be one of the most reliable cars you can own. In fact, it's ratings on initial quality are down near the bottom of the Powers initial quality survey.

Volvo is not an influencial automaker any longer. It may return to that status at some point, but it's not there at this time.