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

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Volvo scales back its EV goals, will no longer be fully electric by 2030
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Will Shanklin has been writing about gadgets, tech and their impact on humanity since 2011. Before joining Engadget, he spent five years creating and leading the mobile technology section for New Atlas. His work has also appeared on SlashGear, TechRadar, Digital Trends, AppleInsider, Android Central, HuffPost and others.

it will aim for 90 to 100 percent electrified vehicles 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.”

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. Reasons for the slow rollout allegedly include a lack of experience in the state transportation agencies in charge of execution and various government requirements .

Volvo also cited “additional uncertainties created by recent tariffs on EVs in various markets.” That likely refers to the hit the automaker is taking from manufacturing some models in China. Earlier this year, the White House announcedin May that the China-made EX30, expected to start at around $37,000, would be pushed to over $50,000 after tariffs.

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