Volvo Cars Abandons 2030 EV-Only Target, Revises Future Strategy
Volvo Cars abandons its 2030 EV-only target for a revised strategy.
Original plan aimed for full electric vehicle lineup by 2030.
Market challenges caused the company to reconsider its timeline.
The shift highlights issues in global EV adoption rates.
Volvo emphasizes flexibility in its approach to electrification.
Despite changes, the company remains committed to sustainability.
Other automakers face similar challenges in EV transitions.
Volvo plans to continue offering hybrid vehicles beyond 2030.
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