Volvo Abandons EV-Only by 2030 Goal Amidst Decreased Demand – What Happened Next Will Shock You!
Stockholm, Sweden – Volvo Car Group recently announced a change in strategy regarding the transition to electric vehicles, abandoning its previous plan to sell only EVs by 2030. The decision to backtrack on this goal comes as a surprise to many industry observers and consumers alike, as Volvo was among the first major automakers to commit to a fully electric future. While Volvo had originally set the ambitious target of phasing out internal combustion engine …