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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The days of their really nice P1800E are long, long gone. Alas.
They need to stop farming out their surface mounted circuit boards to companies that care about quality and environmental issues. Pretty isn’t everything.
A whiff of sanity in Sweden?
Will wonders never cease?
mortem tyrannis
izlamo delenda est …
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!
Avoiding bankruptcy with one good decision after a very bad decision.
Frikkin’ fire traps.