Tesla and EV World #2. Volvo Adjusts Its Electric Goals for 2030
“Volvo Adjusts Its Electric Goals for 2030
Volvo has scaled back its commitment to go fully electric by 2030, now planning to offer hybrid models alongside electric vehicles. Volvo aims for 90-100% of its sales to be EVs or plug-in hybrids, with up to 10% being mild hybrids. This shift follows other automakers, like Ford, who are responding to customer demand for hybrids over full EVs. Additionally, Volvo faces challenges due to tariffs on EVs made in China, which have influenced the company’s strategy adjustments, especially in the European market.”
