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Volvo’s all-out assault on Tesla’s turf is as much about its future as its past (TSLA)

Volvo S90

Volvo Cars says its entire lineup will either become electric or hybridized by 2019.

For cynics, Volvo’s announcement is a mere PR stunt designed to capitalize on the propulsion method du jour. After all, Tesla, a company that sells less than 80,000 electric cars a year now boasts a market cap on par with General Motors.

On the other hand, proponents of electric mobility applaud Volvo for being a mainstream automaker brave enough to take the plunge.

While I am neither cynic nor e-mobility evangelist, I think Volvo’s decision to go electric makes perfect sense. read more >>>

Source:: BusinessInsider.Com

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