Volvo Delays All-Electric Vehicle Plans Due to Market Demand

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Volvo,Electric Vehicles,EV Delay

Volvo has announced it is delaying its plan to sell only electric vehicles by 2030 due to weak market demand. The company, which previously set an ambitious goal of becoming fully electric, will now focus on a mix of hybrids and battery electric vehicles.

Earlier this month, Volvo became the latest automaker to announce that it was delaying its plans to sell only electric vehicles. The decision was a reflection of the stark reality of the market: the demand was just not there. “We reduced the ambitions we had set to go 100 percent electric by 2030,” Vanessa Butani, head of global sustainability at Volvo, said in an interview.

” '“We need collaboration in our industry and outside of our industry to make sure that that happens”' While it’s true that EV charging infrastructure improvements have been uneven, customers are reporting that it’s getting better. Another JD Power survey last month recorded a 10-point increase year over year in customer satisfaction with public DC fast charging stations.

 

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