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https://thedriven.io/2024/09/05/volvo-cars-dumps-2030-all-electric-target-to-ramp-up-hybrids-as-it-weakens-climate-goals/>
"Swedish based Volvo Cars has abandoned its 2030 all electric target and has
replaced it with a new goal of using plug-in hybrids and even mild hybrids to
reach a diluted target of having only “electrified” cars on offer by the end of
the decade.
Volvo blames the backflip from one of the world’s most progressive EV targets
to “changing market conditions” and customer demands.
“Going forward, Volvo Cars aims for 90 to 100 per cent of its global sales
volume by 2030 to consist of electrified cars, meaning a mix of both fully
electric and plug-in hybrid models – in essence, all cars with a cord,” it said
in a statement overnight.
“The remaining 0-10 per cent will allow for a limited number of mild hybrid
models to be sold, if needed. This replaces the company’s previous ambition for
its line-up to be fully electric by 2030.”
Volvo has already released five full battery electric car models – the EX40,
the EC40, the EX30, the EM90 and its newly launched “flagship”, the EX90.
EVs currently account for around 26 per cent of its sales in the latest quarter
– above most of its peers. Add in plug in hybrids, and that total comes to 48
per cent.
Just months after producing the last of its diesel powered cars, it now says it
will continue to develop plug-in and mild hybrid cars “as a clear bridge” to
an all-electric future. It is particularly focused on an updated version of its
XC90 hybrid car, despite claiming huge interest in the fully [electric] EX90.
Volvo blamed a raft of issues for the change in strategy, including the slower
than expected rollout of charging infrastructure, withdrawal of government
incentives in some markets and the “additional uncertainties” created by recent
tariffs on EVs in various markets."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
