Volvo Scraps Plans For All BEV Lineup By 2030, Eyes Hybrids As 'Bridge' To Full-Electrification
Portfolio Pulse from Anan Ashraf
Volvo Cars has revised its plan to offer only electric vehicles by 2030, now aiming for a mix of battery electric and plug-in hybrid vehicles to account for 90-100% of sales. This change is due to waning EV demand and market conditions, but Volvo remains committed to full electrification long-term.
September 05, 2024 | 7:33 am
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Volvo Cars has adjusted its strategy, moving away from an all-electric lineup by 2030 to include hybrids due to changing market conditions and customer demand. This strategic shift may stabilize sales in the short term.
Volvo's decision to include hybrids in its 2030 lineup reflects a response to current market conditions and customer demand. This could stabilize sales as it adapts to slower EV adoption rates and infrastructure challenges.
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