Sweden's Volvo Cars scraps plan to sell only electric vehicles by 2030
Publishing timestamp: 2024-09-04 11:25:25
Summary
Volvo Cars abandons near-term goal of selling only electric vehicles, aims for 90-100% of cars to be fully electric or plug-in hybrid models by 2030. Challenges include slower-than-expected rollout of charging infrastructure and withdrawal of government incentives.
Sentiment: MIXED
Keywords: volvo car ab, electric vehicles, business news, climate, sweden, electric vehicle manufacturing, autos, business,