Volvo Scraps Plan to Sell Only Fully Electric Cars by 2030

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.” Going forward, the company said it aims for 90 to 100 percent of its global sales volume by 2030 to consist of “electrified cars,” meaning that there will be a mix of both fully electric and plug-in hybrid models or, “in essence, all cars with a cord.”...