Swedish automaker Volvo Cars on Wednesday abandoned its near-term goal of only selling electric vehicles, citing a need to be “pragmatic and flexible” amid changing market conditions and cooling demand.
Volvo announced that it's moving away from its goal of making only electric vehicles by 2030 and is now aiming for 90% to 100% of its vehicles to be fully electric EVs plus hybrids.
Volvo has “abandoned” its target to sell only electric cars by 2030, amid a “downturn in demand” for battery-powered vehicles, reports the Financial Times
Swedish automaker Volvo on Thursday announced it's no longer aiming to sell only electric vehicles by the end of the decade, citing shifting market trends.
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Sweden's Volvo Cars scraps plan to sell only electric vehicles by 2030 | Since Then