Volvo Scraps Plan to Sell Only Fully Electric Cars by 2030

Other vehicle giants, including General Motors and Ford, have also recently scaled back and dropped EV production plans.

The Volvo logo is seen in truck for sale in Linden, N.J., on May 23, 2022. Andrew Kelly/Reuters

Auto giant Volvo Cars announced on Sept. 4 that it has abandoned plans to sell only fully electric cars (EVs) by 2030, saying it now expects to sell both plug-in vehicles as well as some hybrid engine cars by that date.

The Chinese-owned Swedish vehicle maker revealed it has scrapped its previous target in a press release, citing “changing market conditions and customer demands.”