Volvo appears to be set on dominating the environmentally-friendly car field, announcing Thursday that it will bring its first all-electric car to the roads by 2019.
The Swedish automaker also revealed that it will build plug-in hybrid versions of all its upcoming models, according to The Wall Street Journal. The move is part of the company's "electrification strategy" of replacing its whole lineup in the next four years.
"We believe that the time has come from electrified cars to cease being a niche technology and enter the mainstream," Hakan Samuelsson, chief executive of Volvo Cars, said in a statement.
The strategy includes developing plug-in hybrid versions of its 90 and 60 series, which Volvo has already started with a hybrid version of the new XC90 SUV.
While details of what Volvo's all electric car will look like remain vague, Reports suggest that it will be as big as the S60 and have a range of over 300 miles, which would put it up against Tesla's Model 3, Engadget reported.
Volvo's current plug-in offerings only include two versions of the V60 in Europe and the S60L in China.
Additionally, the company revealed Thursday that it will introduce a new compact car design in 2017, and the Compact Modular Architecture (CMA) will have a design similar to that of the Scalable Platform Architecture (SPA), CNET reported. The platform is intended to support plug-in and pure electric powertrains, WSJ noted.
Volvo expects electric cars to be responsible for 10 percent of its global sales by 2020.