Volvo Cars CEO Hakan Samuelsson claims that decision to be historically important – moreover, Volvo is the first ever major automaker to get rid of gas-only cars.

Swedish automaker plans to announce 5 new models with electric drivetrains by 2021 and sell one million EVs by 2025. Three of new EVs should be unveiled between 2019 and 2021, and two others will be high-performance Polestar versions.