Volvo Cars abandons 2030 EV-only target
) Cars scrapped its target of going all electric by 2030 on Wednesday, saying it now expected to still be offering some hybrid models in its lineup at that time.
Volvo Cars sells a mix of electric and hybrid cars, and had until now remained steadfast on its plans to only sell fully electric cars by 2030 even as its rivals began scaling back their ambitions. Volvo Cars, which is majority-owned by China's Geely, said it was responding to changing market conditions and customer demands.
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