The firm says it marks the end of the solely combustion engine-powered car
Volvo is to become the first mainstream car manufacturer to produce only electric or hybrid vehicles.
The Swedish firm's president, Hakan Samuelsson, said it "marks the end of the solely combustion engine-powered car".
It means that from 2019 all of its models will have an electric motor - so they will either be pure electric cars or hybrids that combine electric and conventional engines.
Mr Samuelsson said he hoped there would be strong demand.
He added: "The infrastructure for charging is a limitation but I think we have this twin engine which is much more suitable.
"If you have a garage of your own you can charge it overnight."
Volvo, owned by China's Geely, will launch five fully electric cars between 2019 and 2021.
It has said it plans to have sold a million electric vehicles by 2025.
The car manufacturer said the announcement underlines its commitment to minimising environmental impact and making cities cleaner.
It has committed to having a climate-neutral manufacturing operation by 2025.
US firm Tesla announced on Monday that its first mass-market electric car, the Model 3, will go on sale on July 28th after passing regulatory requirements.