Volvo Abandons 2030 E-Vehicle Target – IOTW Report

Volvo Abandons 2030 E-Vehicle Target

WUWT

Swedish automaker Volvo Cars said on Wednesday that it is scrapping its goal of going fully electric by 2030 as the electric vehicle (EV) market continues to struggle.

The company announced it now aims for between 90% and 100% of its cars to be fully electric or plug-in hybrids by the end of the decade, with the remainder being “mild,” non-plug-in hybrids, a company press release stated. Volvo’s backpedaling comes amid lower-than-expected consumer demand for EVs and a recent industry shift away from electrification. (RELATED: REPORT: $84 Billion Worth Of Biden-Subsidized Manufacturing Projects Floundering)

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6 Comments on Volvo Abandons 2030 E-Vehicle Target

  1. They need to stop farming out their surface mounted circuit boards to companies that care about quality and environmental issues. Pretty isn’t everything.

  2. Green is good until other people’s money runs out! Then EVs become financial suicide when the spigot shuts off. You don’t even need a college degree to figure that out!

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