The announcement means Volvo Cars follows in the footsteps of other industry players in scaling back its EV ambitions.
Swedish automaker Volvo Cars abandoned its near-term goal of selling only electric vehicles , citing a need to be "pragmatic and flexible" amid changing market conditions and cooling demand.
The target replaces a 2021 pledge for Volvo Cars' lineup to be fully electric by the end of the decade.on Wednesday abandoned its near-term goal of selling only electric vehicles, citing a need to be "pragmatic and flexible" amid changing market conditions and cooling demand. "An electric car provides a superior driving experience and increases possibilities for using advanced technologies that improve the overall customer experience," Jim Rowan, CEO of Volvo Cars, said Wednesday in the written statement.
"We are pragmatic and flexible, while retaining an industry-leading position on electrification and sustainability," he said.A Volvo EX30 fully electric car is displayed during Everything Electric London 2024 at ExCel in London, March 28, 2024.Volvo Cars said the share of fully electric cars in its lineup stood at 26% during the second quarter of 2024, noting that this is the highest level among its premium peers.
Electric Vehicles Volvo Car AB Autos Business Climate Sweden Business News
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Sweden's Volvo Cars scraps plan to only sell electric vehicles by 2030The announcement means Volvo Cars follows in the footsteps of other industry players in scaling back its EV ambitions.
Lire la suite »
Volvo Cars abandons 2030 EV-only targetVolvo Cars abandons 2030 EV-only target
Lire la suite »
Volkswagen Says Trinity-Based Cars Won’t Arrive Before 2030 At The EarliestThe Volkswagen Trinity program -- one electric car platform to rule them all -- is in trouble with no end in sight until the next decade.
Lire la suite »
Volvo Cars to deliver first EX90 SUVs this month after delayVolvo Cars to deliver first EX90 SUVs this month after delay
Lire la suite »
Cleveland to make bid for 2030 Special Olympics USA GamesThe Greater Cleveland Sports Commission is involved in what it says is a “highly competitive” bidding process to attract Special Olympics USA Games in 2030.
Lire la suite »
2030 a 'reasonable target' for new Commanders stadium, owner saysWashington Commanders owner Josh Harris said Sunday night he is hopeful a new stadium can open in time for the 2030 season. The team’s contractual obligations at Commanders Field end in 2027, but the Commanders can continue playing there indefinitely.
Lire la suite »