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Volvo scales back its EV goals, will no longer be fully electric by 2030

Over three years after saying it would sell only electric vehicles by 2030, Volvo has softened its stance. The automaker now says it will aim for 90 to 100 percent electrified vehicles (including full EVs and plug-in hybrids) by the decade’s end, with the remaining 0 to 10 percent being mild hybrids.

Reasons for the slow rollout allegedly include a lack of experience in the state transportation agencies in charge of execution and various government requirements (submitting plans, soliciting bids, awarding funds). Volvo also cited “additional uncertainties created by recent tariffs on EVs in various markets.” That likely refers to the hit the automaker is taking from manufacturing some models in China. “We are resolute in our belief that our future is electric,” Jim Rowan, Volvo Cars CEO, wrote in a press release.

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