Volvo has laid out plans to produce exclusively electric vehicles by 2030, with a goal to sell at least 90% electric and plug-in hybrid cars by that year. This shift is attributed to various changes in the automotive industry, such as the slowing demand for electric cars, government tax incentives for electric vehicle production in China, delayed infrastructure for charging stations, and the discontinuation of consumer incentives.
Although the transition to electric vehicles may not be smooth, Volvo remains steadfast in its belief that the future of the company lies in electric vehicles.
Reference: BBC
TLDR: Volvo plans to produce only electric vehicles by 2030, aiming to sell 90% electric and plug-in hybrid cars by that year. This shift reflects changes in the automotive industry and Volvo’s commitment to the future of electric vehicles.
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