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By Rory Christian and Larissa Koehler

Electric vehicles (EVs) don't make much noise on the road, but they're generating a lot of buzz about the future of this technology and what it means for business and the environment.

Cars, buses and trucks are the second biggest source of pollution in the U.S. after electricity production. They are responsible for more than 26 percent of emissions that adversely affect the health and well-being of the population, and put communities located close to highways and other major thoroughfares at risk. These communities, typically low-income, are often plagued by elevated asthma rates and other pollution-induced health conditions.

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By Kieran Cooke

The car maker Volvo has shed its reputation for safe but rather boring models—sledges rather than sleek runabouts—as it takes a decisive step towards electric cars.

The Sweden-based auto manufacturer—since 2010 owned by China's Zhejiang Geely Holding group—is set to become the first of the world's major car makers to wave goodbye to the traditional internal combustion engine.

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Volvo Cars announced Wednesday that every car it launches from 2019 will have an electric motor, marking a "historic end" to the internal combustion engine.

This makes Volvo the first traditional carmaker to fully embrace electrification.

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