Volvo drops plans to sell only EVs from 2030

Volvo now aims for 90 to 100% of its global 2030 sales to consist of electrified cars

Volvo had previously announced that it would become an EV-only brand from 2030 onwards. However, amidst the EV slowdown across global markets, the Swedish brand has dropped its plans to end global sales of ICE-powered cars by the end of the decade.

The company announced that it intends to offer a mix of hybrid and electric-powered models beyond 2030. Volvo now aims for 90 to 100% of its global 2030 sales to consist of electrified cars which include fully electric and plug-in hybrid models. The remaining 0-10% of sales are expected to come from a limited number of mild hybrid models.

However, the carmaker does intend to eventually end sales of non-electric vehicles though it hasn't announced a revised date for the same. Volvo attributed the change in strategy to "changing market conditions and customer demands".

Volvo even released a statement stating, "Well before the end of this decade Volvo Cars will have a complete line-up of fully electric cars available. That will allow Volvo Cars to make the move to full electrification as and when the market conditions are suitable."

Source: Drive