Volvo's mild hybrid is one of three types of EVs the company plans to roll out (Photo: Volvo)

Volvo Cars, in a move aimed at distinguishing itself from its big premium-segment competitors, said it will equip all cars it launches from 2019 onwards with electric motors.

The decision doesn't mean Volvo is phasing out the combustion engine. But the Swedish car company said all models will have electric motors, regardless of whether they still have a gasoline or diesel engine as the main powertrain.

Volvo said it will roll out fully electric cars, plug in hybrids and 48 Volt mild hybrid cars in coming years. It plans to launch five fully  electric cars between 2019 and 2021. Two of these will be Polestar-branded cars. Volvo announced the formation of the new high-performance electric brand last week.

The five cars will represent "one of the broadest electrified car offerings of any carmaker," the company said in a statement.

Volvo Cars CEO Hakan Samuelsson said Volvo's focus on electrifying its model range reflects changing customer requirements.  “People increasingly demand electrified cars and we want to respond to our customers’ current and future needs."

Samuelsson also said the move is part of Volvo's aim to sell 1 million electrified cars by 2025. "This is how we are going to do it," he said, adding: "We are convinced the future of Volvo is electric."

Volvo is owned by Chinese car group Geely.