Quote:
Originally Posted by calgarygeologist
Volvo is revamping their EV strategy and scrapping the plan to be an EV only manufacturer by 2030. They now say that hybrids will also stay in their lineup long term and will likely be about 20% of their sales in 2030 (both plug-in hybrids and mild hybrids.)
This comes on the heels of Ford making a statement that they are shifting focus towards hybrids as well which will provide lower price points, hopefully more consumer adoption and longer range. Ford has scrapped their plans for a 3 row EV and is replacing it with a hybrid powertrain.
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Looks like Toyota was right all along not overreacting to the EV hype and focus more on hybrids.