Over three years after saying it would sell only electric vehicles by 2030, Volvo has lowered its EV ambitions. 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. Volvo chalked up its revised ambitions to “changing market conditions and customer demands.”
Volvo says it’s still committed to long-term electrification. The automaker has launched five fully electric models since laying out its (now aborted) 2030 goal
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