Volvo has given up on its goal of selling only electrified vehicles by 2030.
The Swedish company declared on Wednesday that it will now strive to have 90–100% of its worldwide sales come from plug-in hybrid or pure electric vehicles by that time.
This will “allow for the sale of a limited number of mild hybrid models, if needed,” according to the statement.
Volvo had previously stated that by 2021, all of its vehicles would be electrified only.
The Swedish company blamed the policy shift on “additional uncertainties” brought up by recent tariffs on electric vehicles, a “slower than expected” implementation of charging infrastructure, and the removal of government incentives in some countries.
Volvo Cars chief executive Jim Rowan said: “We are resolute in our belief that our future is electric.
“An electric car provides a superior driving experience and increases possibilities for using advanced technologies that improve the overall customer experience.
“However, it is clear that the transition to electrification will not be linear, and customers and markets are moving at different speeds of adoption
“We are pragmatic and flexible, while retaining an industry-leading position on electrification and sustainability.”
With inputs from agencies/media reports/Main picture: Volvo powertrain facilities in Skövde, pictured in 2010: Wikipedia
