Volvo isn't the only company betting big on electric cars

Volvo isn't the only company betting big on electric cars - here are 11 SUVs arriving by 2020

Volvo is betting big on electric cars.

The Swedish automaker said Wednesday it will introduce five electric or hybrid cars between 2019 and 2023. Two of the cars will be built under Volvo's Polestar brand, the automaker's performance brand that Volvo said will focus on electric vehicles in June.

But Volvo isn't the only company trying to corner the electric vehicle market, which automakers expect will grow with the proliferation of charging stations and advancements with battery tech.

Companies - including Mercedes, BMW, Volkswagen, Audi, and more - are looking to capitalize on consumers' desire for space by releasing long-range, electric SUVs.

Here are 11 electric SUVs slated to arrive by 2020:

Source: Business Insider

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