04.09.2024 22:18 Uhr, Quelle: Engadget

Volvo scales back its EV goals, will no longer be fully electric by 2030

Over three years after saying it would sell only electric vehicles by 2030, Volvo has lowered its EV ambitions. The automaker now says it will aim for 90 to 100 percent electrified vehicles (including full EVs and plug-in hybrids) by the decade’s end, with the remaining 0 to 10 percent being mild hybrids. Volvo chalked up its revised ambitions to “changing market conditions and customer demands.” Volvo says it’s still committed to long-term electrification. The automaker has launched five fully electric models since laying out its (now aborted) 2030 goal three years ago: the EX40, EC40, EX30, EM90 and EX90. The company cites the slower-than-expected rollout of EV charging infrastructure as one factor in its decision. Despite the passage of President Biden’s Bipartisan Infrastructure Law in 2021, which allocated $7.5 billion to support the creation of 500,000 EV charging stations, only seven stations in four states had been built as of March. Reasons for the slow rollout allegedly

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