What does Volvo’s big electric car announcement have to do with China? A lot.
Share Now on:
Volvo is the first major car company to announce when it will stop developing cars that run on good ol’ internal combustion engines. Starting in 2019, all of Volvo’s new models will be hybrids or electric vehicles. The company has its origins in Sweden, but it’s been owned by Chinese carmaker Geely since 2009. You won’t find a country making a bigger push in the electric vehicle market than China. While China’s climate change goals may not be the driving force behind Volvo’s announcement, they do factor into the plans.
Click the audio player above to hear the full story.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.