Volvo will bring its cars' speed limit down to 180 kilometers/hour in a bid to boost safety and, therefore, reduce fatal accidents.

The automaker said in a statement that it is also considering putting stricter speed limits on cars driving near schools and hospitals.

In 2016, Volvo promised fatality-free vehicles in four years, by combining features that would make the car crashproof: adaptive cruise control that uses radar and sensors to detect vehicles on the road ahead, auto lane keeping assist, collision avoidance, as well as pedestrian and large animal detection.

"Volvo is a leader in safety: we always have been and we always will be," said Volvo CEO Hakan Samuelsson. "While a speed limitation is not a cure-all, it's worth doing if we can even save one life."

"We want to start a conversation about whether car makers have the right or maybe even an obligation to install technology in cars that changes their driver's behavior, to tackle things like speeding, intoxication or distraction," said Samuelsson.