Volvo abandons 2030 all-electric goal

Volvo has abandoned its plan to only sell fully electric cars by 2030 due to changing market conditions and customer demands.

The company also cited the slow roll-out of charging infrastructure, withdrawal of government incentives in several markets and uncertainties created by tariffs imposed on EVs in some markets.

The Swedish carmaker originally announced its EV goal back in March 2021. Rather than going pure electric by the end of the decade, Volvo is now aiming for 90 to 100% of its global...