Volvo adjusts its electric vehicle strategy and plans to have electric vehicles account for more than 90% of its sales by 2030

Swedish luxury carmaker Volvo Cars announced that it will adjust its electric vehicle strategy and cancel its goal of becoming a pure electric vehicle company by 2030. The new strategy is that by 2030, electric vehicles or plug-in hybrid vehicles will account for more than 90% of global sales. Volvo CEO Rowan said that although they are still committed to achieving the long-term goal of full electrification, the transition to electrification is not linear, so they need to respond flexibly to the market growth rate.