Three years ago, automaker Volvo jumped on the bandwagon with other car manufacturers and heeded the call of the Biden administration, announcing that they would fully shift over to producing only all-electric vehicles by 2030. The government’s promises of fat subsidies for people who made the switch were a powerful motivator. New EV models were put on the drawing board and modifications of their production facilities were moved into the planning stages. For a brief time, there was indeed a surge in EV sales, so it looked as if these plans might pay dividends. But only a couple of years later, reality set in. Now Volvo has announced that they are walking back those plans and they will be offering hybrid cars by 2030 along with some of their traditional models. (BBC)
Car company Volvo has announced it has abandoned its target to produce only fully electric cars by 2030, saying it…
