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Volvo reconsiders hybrids amid cooling electric car demand – report
Executive Summary
AutoExec Summary
Volvo is considering shifting focus to hybrids as demand for electric vehicles slows, potentially delaying its target of becoming fully-electric by 2030. The company plans to supply plug-in hybrids for the next decade, with US dealers expecting to sell petrol-powered hybrids into the 2030s. Despite previous commitments to go fully-electric, Volvo is now prioritizing hybrids as a bridge for customers not yet ready for full electrification. Other car makers such as Aston Martin, Volkswagen, and Mercedes have also re-evaluated their EV-only ambitions.
Brands mentioned: Volvo, Tesla, Aston Martin, Volkswagen, Mercedes.
Read the original at Drive
Volvo reconsiders hybrids amid cooling electric car demand – report
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