The gas-powered historic menses is coming to a unopen - as well as auto-makers are capitalizing.
Volvo is the around recent, equally Reuters report:
“All Volvo auto models launched afterwards 2019 volition hold upward electrical or hybrids, the Chinese-owned society said on Wednesday, making it the start major traditional automaker to laid upward a appointment for phasing out vehicles powered only past times the internal combustion engine.
“The Sweden-based society volition expire on to create pure combustion-engine Volvos from models launched earlier that date, but its deed signals the eventual cease of nearly a century of Volvos powered only that way.”
As portion of the transition, Volvo volition launch v novel models past times 2012 - ii of which volition hold upward developed past times Polestar, a Volvo subsidiary beingness reshaped to focus only on electrical vehicles (EVs) inward an attempt to compete amongst Elon Musk’s Tesla.
As Volvo Cars CEO Hakan Samuelsson noted when speaking amongst Reuters, dumping tons of cash into the evolution of fossil fuel-based technologies simply doesn’t brand sense.
“We of course of study volition non hold upward developing completely novel generations of combustion engines,” he said, adding that portion of Volvo’s strategy is to bring together the race to create the fully-functional self-driving car. “This way that at that topographic point volition inward time to come hold upward no Volvo cars without an electrical motor.”
And the primary obstruction to electrical cars, infrastructure, is becoming less as well as less of a problem. As an Anti-Media article noted:
“Chargepoint, the society that maintains the largest network of EV charging stations on the planet, published press unloose Th announcing it had simply secured $43 i K m inward funding from Siemens, a enterprise Chargepoint calls a ‘global powerhouse inward electrical engineering as well as electronics.’
“The funding comes inward improver to coin provided past times other investors amongst a stake inward the game as well as brings the total for this latest circular of Chargepoint’s financing to $125 million”
Additionally, it was reported final calendar week that Chargepoint likewise simply purchased all of General Electric’s EV charging stations, bringing the company’s total issue of independently-owned spots to 36,000.
The time to come is coming.
h/t: Anti-Media
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