Volvo backtracks on EV pledge, as other automakers have done the same
By Jack Aylmer (Energy Correspondent), Jack Henry (Video Editor), Ali Caldwell (Graphics)
Volvo has revised its plan to transition fully to electric vehicles (EVs) by 2030. The automaker now anticipates that between 90%-100% of its cars sold by the end of the decade will either be electric vehicles or hybrids, while up to 10% of sales will comprise of mild hybrids, where electric power supplements a combustion engine.
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Volvo puts breaks on electric cars plan
Click to see story on The IndependentVolvo scales back electric vehicle ambitions, eases goal to at least 90% by 2030
Click to see story on abc NewsVolvo Car Walks Back Electric Push After Demand Falls Short
Click to see story on BloombergVolvo becomes latest carmaker to scale back electric ambitions
Click to see story on Japan TodayVolvo abandons the goal of selling only electric cars starting in 2030 – HotNews.ro
Click to see story on Hot NewsVolvo ditches plans to make only electric vehicles by 2030
Click to see story on EuronewsVolvo significantly drops its electric car target
Click to see story on PolitikenVolvo scales back its EV goals, will no longer be fully electric by 2030
Click to see story on EngadgetVolvo scraps its goal to sell only electric cars from 2030
Click to see story on NRC HandelsbladVolvo abandons plan to sell only pure electric cars by 2030
Click to see story on Breaking NewsVolvo scales back plan to sell only electric cars by 2030
Click to see story on Fast CompanyVolvo gives up plan to sell only EVs by 2030
Click to see story on BBC NewsVolvo Cars abandons 2030 EV-only target
Click to see story on ReutersSweden’s Volvo Cars scraps plan to only sell electric vehicles by 2030
Click to see story on CNBCVolvo Scraps Plans For All BEV Lineup By 2030, Eyes Hybrids As ‘Bridge’ To Full-Electrification – Volvo Car (OTC:VLVCY)
Click to see story on BenzingaVolvo abandons 2030 all-electric goal, to embrace hybrids
Click to see story on WIONVolvo scraps plan for fully electric fleet by 2030, citing market conditions, demand
Click to see story on UPIVolvo abandons plan to produce only electric vehicles from 2030
Click to see story on Eesti RahvusringhäälingWhy Volvo Is Joining Ford And GM In Cutting 2030 EV Production Targets
Click to see story on ForbesWhy has Volvo scrapped plans to be fully electric by 2030?
Click to see story on FortuneNot just fully electric cars: Volvo abandons its own goal for electric cars
Click to see story on TagesschauHeadline Unavailable
Click to see story on Barron'sVolvo Cars scraps ambition to build only electric vehicles after 2030
Click to see story on vrtOnly electric cars from 2030? Volvo cashes in on big promise
Click to see story on merkur.deVolvo abandons goal to sell only EVs by 2030
Click to see story on Washington TimesVolvo abandons plan to sell only pure electric cars by 2030
Click to see story on Evening StandardVolvo abandons 2030 EV-only target as demand slows
Click to see story on NikkeiVolvo abandons plans to sell only electric vehicles by 2030
Click to see story on This Is MoneyVolvo reverses goal to make only EVs in 2030
Click to see story on Fox BusinessVolvo abandons plan to sell only electric cars by 2030
Click to see story on The TimesVolvo Scraps Plan to Sell Only Fully Electric Cars by 2030
Click to see story on The Epoch TimesVolvo Walks Back Promise Of Exclusively Producing Electric Vehicles By 2030
Click to see story on OANVolvo abandons plans to only sell electric vehicles from 2030 amid fears ‘adoption will not be linear’
Click to see story on GB NewsMajor Automaker Abandons 2030 Electric Vehicle Target as Market Woes Continue
Click to see story on The Ohio StarVolvo Cars abandons ambitious 2030 goal to be fully electric
Click to see story on Daily SabahVolvo Abandons 2030 Electric Vehicle Target Due to Poor Market › American Greatness
Click to see story on American GreatnessVolvo Abandons 2030 EV Target As Market Woes Continue
Click to see story on Watts Up With That?Major Automaker Abandons 2030 Electric Vehicle Target as Market Woes Continue | The Star News Network
Click to see story on The Star News NetworkVolvo Scales Back Plans to Produce Only Electric Vehicles by 2030
Click to see story on The Maine WireGreen New Flop: Volvo Abandons Plans to Sell Only Electric Vehicles by 2030
Click to see story on BreitbartUntracked Bias
Volvo abandons plan to sell only electric cars by 2030
Click to see story on PerthNowVolvo backs down on the electric car goal: “It’s ready”
Click to see story on Svenska DagbladetVolvo Cars scraps electric car targets
Click to see story on svt NyheterVolvo drops 2030 all-electric target amid slow EV demand
Click to see story on Automotive NewsSurprise: Volvo abandons plan to sell only electric cars until 2030. “We have a pragmatic and flexible approach”
Click to see story on ZF.roVolvo has renounced its goal of producing and selling only electric cars by 2030
Click to see story on Il PostVolvo abandoned its goal to sell only electric vehicles from 2030
Click to see story on Euronews.rsVolvo no longer expects to make only electric cars by 2030
Click to see story on tweakers.netA major car manufacturer is abandoning the goal of selling only electric cars by 2030
Click to see story on MediafaxVolvo abandons plan to sell only pure electric cars by 2030
Click to see story on Jersey Evening PostVolvo Admits Defeat, Won’t Go Fully Electric by 2030
Click to see story on Motor1.comVolvo Cars is backing away from the electric car goal
Click to see story on Dagens industriVolvo Backs Down From 2030 All-EV Commitment for Hybrid Approach
Click to see story on MotorTrendVolvo abandons the goal of becoming an electric brand by 2030
Click to see story on KlixVolvo scales back its EV goals, will no longer be fully electric by 2030
Click to see story on BizTocVolvo Adjusts Electric Vehicle Goals, Aiming for 90% Electrified Fleet by 2030 Amid Infrastructure Challenges
Click to see story on Automobile News and Trends – You must read this !Volvo abandons 2030 Vision
Click to see story on Yeni Çağ GazetesiVolvo won’t be all-electric by 2030, 90% of cars to have a plug
Click to see story on Green Car ReportsVolvo Drops Target to Produce Only Electric Cars by 2030
Click to see story on Republika OnlineVolvo abandons all-electric ambition and opts for hybrid vehicles
Click to see story on Business AMVolvo says goodbye to the goal of producing only electric vehicles by 2030
Click to see story on ExpansionVolvo refuses to make only electric cars
Click to see story on www.dnevnik.bgVolvo announces abandonment of ‘only electric car production’ target by 2030 – Medyascope
Click to see story on MedyascopeVolvo retracts plan to make all its vehicles electric by 2030
Click to see story on レスポンス(Response.jp)Volvo abandons its goal of selling only electric cars by 2030
Click to see story on Expansi�nVolvo abandons its goal of selling only electric cars in 2030 after the collapse in demand
Click to see story on Business Insider (Spain)Bloomberg News: ‘Volvo Car Scales Back EV Target After Demand Falls Short’ – ‘Drops goal to sell only full EVs by 2030’
Click to see story on Climate DepotVolvo gives up plan to sell only EVs by 2030 – Asaase Radio
Click to see story on Asaase Radio – The Voice of the LandVolvo scales back EV ambition, won’t go fully electric by 2030
Click to see story on BrightVolvo cancels plans to manufacture only electric cars by 2030
Click to see story on El CEOVolvo Cars walks back target to build only electric cars by 2030
Click to see story on belganewsagency.euVolvo abandons ambitious electric car target for 2030
Click to see story on ecomento.deVolvo abandons goal of becoming an electric brand by 2030
Click to see story on AutomarketVolvo is abandoning its plan to sell only electric vehicles by 2030. How the company’s decision was influenced
Click to see story on Aleph NewsVolvo Scales Back All-Electric Target, Citing Market Conditions
Click to see story on dagens.comVolvo drops plan to go fully electric by 2030, hybrids to remain
Click to see story on livenowfox.comVolvo Cars abandons 2030 EV-only target
Click to see story on brusselssignal.euVolvo makes a U-turn: not all cars will be electric from 2030 – NieuwRechts.nl
Click to see story on nieuwrechts.nlVolvo drops goal of only selling electric vehicles by 2030 – Internewscast Journal
Click to see story on InternewscastVolvo takes a small step backwards in its plan: it will not have only electric cars in 2030, albeit narrowly – Hybrid and Electric
Click to see story on hibridosyelectricos.comVolvo backs away from pledge to sell only electric cars by 2030
Click to see story on alborsaanews.comVolvo drops global plan to only sell electric cars from 2030, amid EV slowdown
Click to see story on drive.com.auVolvo Cars is packing its ambitious electric car goals
Click to see story on Tärkeimmät talousuutiset | Kauppalehti…Volvo Won’t Be All-electric By 2030, 90% Of Cars To Have A Plug – Nationwide Report
Click to see story on nationwidereport.comVolvo Is Watering Down Its 2030 All-Electric Pledge
Click to see story on heatmap.newsVolvo scraps goal of only electric cars by 2030
Click to see story on Tek.noVolvo abandons electric vehicle plans by 2030 – Volkswagen European sales collapse
Click to see story on Share TalkVolvo Softens on EV-Only Lineup by 2030
Click to see story on AutoweekVolvo abandons plan to sell only electric vehicles by 2030, blames China’s charging infrastructure and taxes
Click to see story on B1TV.roVolvo gives up plan to sell only EVs by 2030
Click to see story on ecnetnews.comVolvo Cars renounces its goal of all-electric by 2030
Click to see story on Le Guide de l'autoVolvo backs off plan to sell all electric cars by 2030
Click to see story on Share News JapanVolvo scraps plan to switch to all-electric cars from 2030 following steep market decline
Click to see story on www.economica.netVolvo Cars abandons its goal of going all-electric by 2030 – L’Usine Nouvelle
Click to see story on usinenouvelle.comVolvo Cars drops its 100% electric car target by 2030
Click to see story on teleborsa.itVolvo to give up all-electric in 2030
Click to see story on L'AGEFIVolvo Cars dumps 2030 all electric target, to ramp up hybrids as it weakens climate goals
Click to see story on The DrivenVolvo scraps electric car target
Click to see story on Tu.noVolvo abandons plan for EV-only sales by 2030
Click to see story on bodyshopmag.comVolvo gives up on its goal of selling only electric cars by 2030
Click to see story on Wall Street ItaliaOfficial: Volvo gives up its ambition to only sell electric cars in 2030
Click to see story on Automobile PropreSweden’s Volvo abandons all-electric goal for 2030 – Türkiye Today
Click to see story on turkiyetoday.comVolvo stops selling only electric cars after 2030: understand the reason
Click to see story on AutoShowVolvo slows down on electric: in 2030 it will not be able to have only electric cars
Click to see story on dmove.itVolvo plans to be fully electric by 2030
Click to see story on volvocars.comThis shift reflects a broader trend among major automakers, including Tesla, General Motors, Ford, and Toyota, who have also recently scaled back their electric vehicle targets.
Volvo’s decision to reconsider its EV plans comes several months after CEO Jim Rowan had predicted “tremendous growth” in the EV market.
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“We are resolute in our belief that our future is electric,” Rowan said in a statement about the company’s recent EV cutbacks. “However, it is clear that the transition to electrification will not be linear, and customers and markets are moving at different speeds.”
Volvo has also adjusted its short-term goals. Initially, the company aimed for fully electric vehicles to comprise at least 50% of its sales by 2025. The updated target now includes both EVs and hybrids, which together are expected to account for 50%-60% of sales.
The market responded swiftly to the news, with Volvo’s shares dropping by 7.5% on Friday, Sept. 6, following the announcement. Despite this, Volvo maintains that its revised strategy better aligns with current market dynamics and consumer preferences.
JACK ALYMER: VOLVO IS BACKING OFF ITS COMMITMENT TO GO ALL ELECTRIC BY 20-30.
THE AUTOMAKER NOW PROJECTS THAT INSTEAD BETWEEN 90 TO 100 PERCENT OF THEIR CARS SOLD WILL EITHER BE EVS OR HYBRIDS.
UP TO 10 PERCENT OF THEIR SALES WILL CONSIST OF SO-CALLED MILD HYBRIDS-
WHERE ELECTRIC POWER ONLY SUPPLEMENTS A COMBUSTION ENGINE.
AND THEY’RE CERTAINLY NOT ALONE IN TEMPERING EV EXPECTATIONS.
WITH COMPANIES LIKE TESLA, GENERAL MOTORS, FORD, TOYOTA AND MORE ALL READJUSTING THEIR TARGETS.
THIS COMES JUST A FEW MONTHS AFTER VOLVO HAD PREVIOUSLY DOUBLED DOWN ON ITS ALL EV INITIATIVE.
THE COMPANY’S CEO REAFFIRMING HIS DESIRE TO SELL ONLY EVS BY THE END OF THE DECADE AT THE BEGINNING OF THIS YEAR-
SAYING HE FORESAW QUOTE “TREMENDOUS GROWTH” IN ELECTRIC MODELS.
WITH THIS RECENT ADJUSTMENT, VOLVO ALSO REVISED ITS EV GOALS FOR NEXT YEAR.
AFTER PREVIOUSLY SAYING AT LEAST 50 PERCENT OF THEIR VEHICLES SOLD WOULD BE FULLY ELECTRIC BY 20-25,
THE AUTOMAKER IS NOW AIMING FOR A COMBINATION OF EVS AND HYBRIDS TO MAKE UP BETWEEN 50 TO 60 PERCENT OF THEIR SALES VOLUME.
SHARES IN THE COMPANY FELL BY 7 AND A HALF PERCENT FRIDAY AFTER THE NEW PLANS WERE LAID OUT-
MEANWHILE, VOLVO SAYS the change IS A RESPONSE TO FLUCTUATING MARKET CONDITIONS AND CUSTOMER DEMANDS.
JACK AYLMER – STRAIGHT ARROW NEWS.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
Volvo puts breaks on electric cars plan
Click to see story on The IndependentVolvo scales back electric vehicle ambitions, eases goal to at least 90% by 2030
Click to see story on abc NewsVolvo Car Walks Back Electric Push After Demand Falls Short
Click to see story on BloombergVolvo becomes latest carmaker to scale back electric ambitions
Click to see story on Japan TodayVolvo abandons the goal of selling only electric cars starting in 2030 – HotNews.ro
Click to see story on Hot NewsVolvo ditches plans to make only electric vehicles by 2030
Click to see story on EuronewsVolvo significantly drops its electric car target
Click to see story on PolitikenVolvo scales back its EV goals, will no longer be fully electric by 2030
Click to see story on EngadgetVolvo scraps its goal to sell only electric cars from 2030
Click to see story on NRC HandelsbladVolvo abandons plan to sell only pure electric cars by 2030
Click to see story on Breaking NewsVolvo scales back plan to sell only electric cars by 2030
Click to see story on Fast CompanyVolvo gives up plan to sell only EVs by 2030
Click to see story on BBC NewsVolvo Cars abandons 2030 EV-only target
Click to see story on ReutersSweden’s Volvo Cars scraps plan to only sell electric vehicles by 2030
Click to see story on CNBCVolvo Scraps Plans For All BEV Lineup By 2030, Eyes Hybrids As ‘Bridge’ To Full-Electrification – Volvo Car (OTC:VLVCY)
Click to see story on BenzingaVolvo abandons 2030 all-electric goal, to embrace hybrids
Click to see story on WIONVolvo scraps plan for fully electric fleet by 2030, citing market conditions, demand
Click to see story on UPIVolvo abandons plan to produce only electric vehicles from 2030
Click to see story on Eesti RahvusringhäälingWhy Volvo Is Joining Ford And GM In Cutting 2030 EV Production Targets
Click to see story on ForbesWhy has Volvo scrapped plans to be fully electric by 2030?
Click to see story on FortuneNot just fully electric cars: Volvo abandons its own goal for electric cars
Click to see story on TagesschauHeadline Unavailable
Click to see story on Barron'sVolvo Cars scraps ambition to build only electric vehicles after 2030
Click to see story on vrtOnly electric cars from 2030? Volvo cashes in on big promise
Click to see story on merkur.deVolvo abandons goal to sell only EVs by 2030
Click to see story on Washington TimesVolvo abandons plan to sell only pure electric cars by 2030
Click to see story on Evening StandardVolvo abandons 2030 EV-only target as demand slows
Click to see story on NikkeiVolvo abandons plans to sell only electric vehicles by 2030
Click to see story on This Is MoneyVolvo reverses goal to make only EVs in 2030
Click to see story on Fox BusinessVolvo abandons plan to sell only electric cars by 2030
Click to see story on The TimesVolvo Scraps Plan to Sell Only Fully Electric Cars by 2030
Click to see story on The Epoch TimesVolvo Walks Back Promise Of Exclusively Producing Electric Vehicles By 2030
Click to see story on OANVolvo abandons plans to only sell electric vehicles from 2030 amid fears ‘adoption will not be linear’
Click to see story on GB NewsMajor Automaker Abandons 2030 Electric Vehicle Target as Market Woes Continue
Click to see story on The Ohio StarVolvo Cars abandons ambitious 2030 goal to be fully electric
Click to see story on Daily SabahVolvo Abandons 2030 Electric Vehicle Target Due to Poor Market › American Greatness
Click to see story on American GreatnessVolvo Abandons 2030 EV Target As Market Woes Continue
Click to see story on Watts Up With That?Major Automaker Abandons 2030 Electric Vehicle Target as Market Woes Continue | The Star News Network
Click to see story on The Star News NetworkVolvo Scales Back Plans to Produce Only Electric Vehicles by 2030
Click to see story on The Maine WireGreen New Flop: Volvo Abandons Plans to Sell Only Electric Vehicles by 2030
Click to see story on BreitbartUntracked Bias
Volvo abandons plan to sell only electric cars by 2030
Click to see story on PerthNowVolvo backs down on the electric car goal: “It’s ready”
Click to see story on Svenska DagbladetVolvo Cars scraps electric car targets
Click to see story on svt NyheterVolvo drops 2030 all-electric target amid slow EV demand
Click to see story on Automotive NewsSurprise: Volvo abandons plan to sell only electric cars until 2030. “We have a pragmatic and flexible approach”
Click to see story on ZF.roVolvo has renounced its goal of producing and selling only electric cars by 2030
Click to see story on Il PostVolvo abandoned its goal to sell only electric vehicles from 2030
Click to see story on Euronews.rsVolvo no longer expects to make only electric cars by 2030
Click to see story on tweakers.netA major car manufacturer is abandoning the goal of selling only electric cars by 2030
Click to see story on MediafaxVolvo abandons plan to sell only pure electric cars by 2030
Click to see story on Jersey Evening PostVolvo Admits Defeat, Won’t Go Fully Electric by 2030
Click to see story on Motor1.comVolvo Cars is backing away from the electric car goal
Click to see story on Dagens industriVolvo Backs Down From 2030 All-EV Commitment for Hybrid Approach
Click to see story on MotorTrendVolvo abandons the goal of becoming an electric brand by 2030
Click to see story on KlixVolvo scales back its EV goals, will no longer be fully electric by 2030
Click to see story on BizTocVolvo Adjusts Electric Vehicle Goals, Aiming for 90% Electrified Fleet by 2030 Amid Infrastructure Challenges
Click to see story on Automobile News and Trends – You must read this !Volvo abandons 2030 Vision
Click to see story on Yeni Çağ GazetesiVolvo won’t be all-electric by 2030, 90% of cars to have a plug
Click to see story on Green Car ReportsVolvo Drops Target to Produce Only Electric Cars by 2030
Click to see story on Republika OnlineVolvo abandons all-electric ambition and opts for hybrid vehicles
Click to see story on Business AMVolvo says goodbye to the goal of producing only electric vehicles by 2030
Click to see story on ExpansionVolvo refuses to make only electric cars
Click to see story on www.dnevnik.bgVolvo announces abandonment of ‘only electric car production’ target by 2030 – Medyascope
Click to see story on MedyascopeVolvo retracts plan to make all its vehicles electric by 2030
Click to see story on レスポンス(Response.jp)Volvo abandons its goal of selling only electric cars by 2030
Click to see story on Expansi�nVolvo abandons its goal of selling only electric cars in 2030 after the collapse in demand
Click to see story on Business Insider (Spain)Bloomberg News: ‘Volvo Car Scales Back EV Target After Demand Falls Short’ – ‘Drops goal to sell only full EVs by 2030’
Click to see story on Climate DepotVolvo gives up plan to sell only EVs by 2030 – Asaase Radio
Click to see story on Asaase Radio – The Voice of the LandVolvo scales back EV ambition, won’t go fully electric by 2030
Click to see story on BrightVolvo cancels plans to manufacture only electric cars by 2030
Click to see story on El CEOVolvo Cars walks back target to build only electric cars by 2030
Click to see story on belganewsagency.euVolvo abandons ambitious electric car target for 2030
Click to see story on ecomento.deVolvo abandons goal of becoming an electric brand by 2030
Click to see story on AutomarketVolvo is abandoning its plan to sell only electric vehicles by 2030. How the company’s decision was influenced
Click to see story on Aleph NewsVolvo Scales Back All-Electric Target, Citing Market Conditions
Click to see story on dagens.comVolvo drops plan to go fully electric by 2030, hybrids to remain
Click to see story on livenowfox.comVolvo Cars abandons 2030 EV-only target
Click to see story on brusselssignal.euVolvo makes a U-turn: not all cars will be electric from 2030 – NieuwRechts.nl
Click to see story on nieuwrechts.nlVolvo drops goal of only selling electric vehicles by 2030 – Internewscast Journal
Click to see story on InternewscastVolvo takes a small step backwards in its plan: it will not have only electric cars in 2030, albeit narrowly – Hybrid and Electric
Click to see story on hibridosyelectricos.comVolvo backs away from pledge to sell only electric cars by 2030
Click to see story on alborsaanews.comVolvo drops global plan to only sell electric cars from 2030, amid EV slowdown
Click to see story on drive.com.auVolvo Cars is packing its ambitious electric car goals
Click to see story on Tärkeimmät talousuutiset | Kauppalehti…Volvo Won’t Be All-electric By 2030, 90% Of Cars To Have A Plug – Nationwide Report
Click to see story on nationwidereport.comVolvo Is Watering Down Its 2030 All-Electric Pledge
Click to see story on heatmap.newsVolvo scraps goal of only electric cars by 2030
Click to see story on Tek.noVolvo abandons electric vehicle plans by 2030 – Volkswagen European sales collapse
Click to see story on Share TalkVolvo Softens on EV-Only Lineup by 2030
Click to see story on AutoweekVolvo abandons plan to sell only electric vehicles by 2030, blames China’s charging infrastructure and taxes
Click to see story on B1TV.roVolvo gives up plan to sell only EVs by 2030
Click to see story on ecnetnews.comVolvo Cars renounces its goal of all-electric by 2030
Click to see story on Le Guide de l'autoVolvo backs off plan to sell all electric cars by 2030
Click to see story on Share News JapanVolvo scraps plan to switch to all-electric cars from 2030 following steep market decline
Click to see story on www.economica.netVolvo Cars abandons its goal of going all-electric by 2030 – L’Usine Nouvelle
Click to see story on usinenouvelle.comVolvo Cars drops its 100% electric car target by 2030
Click to see story on teleborsa.itVolvo to give up all-electric in 2030
Click to see story on L'AGEFIVolvo Cars dumps 2030 all electric target, to ramp up hybrids as it weakens climate goals
Click to see story on The DrivenVolvo scraps electric car target
Click to see story on Tu.noVolvo abandons plan for EV-only sales by 2030
Click to see story on bodyshopmag.comVolvo gives up on its goal of selling only electric cars by 2030
Click to see story on Wall Street ItaliaOfficial: Volvo gives up its ambition to only sell electric cars in 2030
Click to see story on Automobile PropreSweden’s Volvo abandons all-electric goal for 2030 – Türkiye Today
Click to see story on turkiyetoday.comVolvo stops selling only electric cars after 2030: understand the reason
Click to see story on AutoShowVolvo slows down on electric: in 2030 it will not be able to have only electric cars
Click to see story on dmove.itVolvo plans to be fully electric by 2030
Click to see story on volvocars.comVOTE WITH THE UNBIASED, STRAIGHT FACTS.™
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