Volvo Scraps Plan to Sell Only Fully Electric Cars by 2030

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.”

“The remaining 0-10 percent will allow for a limited number of mild hybrid models to be sold if needed,” the vehicle maker said.

The announcement marks a backtrack on Volvo Cars’s 2021 pledge to become a fully electric car company by 2030.