Volvo has second thoughts on going fully EV by 2026
Description
With Volvo’s parent company scrapping plans recently to become fully electric
by 2030 Volvo Australia has followed suit, dropping its previously announced
commitment to an all-EV portfolio by 2026. The current tight economic
conditions, slower than expected EV sales, a volatile market and a somewhat
discontented dealer network is believed to be behind the change of heart by the
local company. Volvo Sweden has now declared it will still have plug-in hybrid
and mild hybrid models in its range post 2030 after previously declaring it would
be fully EV by that date. Volvo Australia sales year-to date are 20.9 percent below
the same time last year and whilst it currently carries electric models like the
popular new small EX30, buyers have shown a marked preference for the mild-
hybrid and plug-in hybrid variants in the range. I’m David Berthon.
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