Volvo is the latest carmaker that is ditching its plan to sell all electric cars by 2030.
That’s because it was never a fully baked plan. Charging stations are expensive, often powered by wasteful power plants, and too scarce to depend upon. Also, consumers just don’t want them.
Last week we reported that Ford and General Motors have also walked back their EV goals. Automakers are still paying lip service to EV goals but leaving much room for withdrawal.
According to FT, Volvo now says that it will “aim to turn 90 to 100 per cent of its global sales to electrified vehicles, which also includes plug-in hybrids — a segment Volvo said it would continue to invest in amid growing consumer demand.”
