Volvo Admits Defeat, Won’t Go Fully Electric by 2030
Volvo was one of the first automakers to promise an electric-only lineup. If you recall, the original announcement was made in March 2021
At the end of May 2024, Volvo’s CEO said an EV-only portfolio is still “very achievable.” At that point, Jim Rowan was “confident” Volvo could end sales of vehicles with combustion engines in just five years.
In other words, the initial goal to become a pure EV brand by 2030 might not be achieved. Fast forward to early September, Volvo is now officially readjusting its lofty electric goals.
The new target is for plug-in hybrids and electric cars to account for 90-100 percent of annual sales by the end of the decade. Volvo concedes cars without charging ports are likely to stick around longer than initially estimated, but only a “limited number of mild hybrid models.”
The development of the charging infrastructure is progressing at a slower pace. In addition, some countries have either reduced or completely eliminated incentives for EVs. Volvo also blames newly applied tariffs on electric cars in certain markets.
From April through June, fully electric cars accounted for 26 percent of total shipments.
The company’s plan is to continue investments in mild-hybrid and plug-in hybrid models as part of its “strategic adjustments” to better reflect what people want.
In the long run, Volvo still wants to reach net zero ‘greenhouse gas’ emissions by 2040.
Volvo is the latest in a long string of automakers to backtrack from its original electric goals.
In recent months, we’ve seen the likes of Porsche, Mercedes, Bentley, and Ford of Europe push back their aggressive electric agendas.
Similar Announcements Made By Other Brands:
Source: Volvo
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S.C.
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Brilliant business model! All you have to do is sell 500 cars or less in 2030, and the 450 EV’s and hybrids will meet your goal of 90%. Consumers will not buy overpriced, unsafe cars they don’t even like. Corporations knew that back before they were managed by insane, headfirst off-the-cliff woke lemmings.
Click your ruby slippers 3 times and repeat “People want to drive around in firetraps.”
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Dave
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ALL EVs, Unsafe at any Speed!🔥🔥🔥
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