{"id":76546,"date":"2024-09-05T00:04:00","date_gmt":"2024-09-05T04:04:00","guid":{"rendered":"https:\/\/autosector.com\/?p=76546"},"modified":"2024-09-05T00:04:00","modified_gmt":"2024-09-05T04:04:00","slug":"1144361_volvo-the-latest-to-backtrack-on-ev-pledge","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=76546","title":{"rendered":"Volvo the latest to backtrack on EV pledge"},"content":{"rendered":"<ul>\n<li><strong>Volvo no longer expects to be a 100% EV brand by 2030<\/strong><\/li>\n<li><strong>Volvo currently aims to have 90-100% of its sales made up of both EVs and plug-in hybrids by 2030<\/strong><\/li>\n<li><strong>Volvo is still committed to EVs and has five currently in the pipeline<\/strong><\/li>\n<\/ul>\n<p>Volvo has joined a growing list of automakers curtailing their EV ambitions in the wake of lower than expected growth in demand for the vehicles.<\/p>\n<p>Volvo in 2021 said it planned to exclusively sell EVs by 2030, but on Wednesday the automaker said it now aims for 90-100% of its sales to be made up by a <strong>combination of EVs and plug-in hybrids<\/strong> by that date.<\/p>\n<p><span id=\"static-marker-video-player-primis\"\/><\/p>\n<p>It means Volvo may still be selling gas cars by 2030, though these will only be 10% or less of total sales, and they will all be mild-hybrids, the automaker said.<\/p>\n<p>Volvo also said its long-term goal remains <strong>becoming a 100% EV brand<\/strong>. The automaker is also readying five additional EVs at present, including a midsize sedan to be <a href=\"https:\/\/www.motorauthority.com\/news\/1144358_volvo-es90-electric-sedan-teased\" target=\"_blank\" rel=\"noopener\">called the ES90<\/a>.<\/p>\n<div class=\"image_wrapper first_wrapper\"><img fetchpriority=\"high\" decoding=\"async\" name=\"tccimg_100941393_m\" title=\"2025.5 Volvo XC90\" src=\"data:image\/png;base64,R0lGODlhAQABAAD\/ACwAAAAAAQABAAACADs=\" alt=\"2025.5 Volvo XC90\" width=\"640\" height=\"387\" class=\"first_image lazy\" data-width=\"1024\" data-height=\"619\" data-url=\"https:\/\/images.hgmsites.net\/lrg\/2025-volvo-xc90_100941393_l.jpg\" data-src-h=\"https:\/\/images.hgmsites.net\/hug\/2025-volvo-xc90_100941393_h.jpg\" data-src=\"https:\/\/images.hgmsites.net\/lrg\/2025-volvo-xc90_100941393_l.jpg\" data-src-l=\"https:\/\/images.hgmsites.net\/lrg\/2025-volvo-xc90_100941393_l.jpg\" data-src-m=\"https:\/\/images.hgmsites.net\/med\/2025-volvo-xc90_100941393_m.jpg\" data-src-s=\"https:\/\/images.hgmsites.net\/sml\/2025-volvo-xc90_100941393_s.jpg\"\/><\/p>\n<p>2025.5 Volvo XC90<\/p>\n<\/div>\n<p>The five new EVs, plus the five Volvo already sells, means the automaker will have a full EV lineup and be ready to be a pure EV brand should the market situation change, the automaker said.<\/p>\n<p>Volvo was among the first of the legacy automakers to fully commit to electrification when in 2017 it said its entire lineup would consist purely of mild-hybrid, plug-in hybrid, and EVs by 2020. In 2021, it made its commitment to become an EV brand by 2030.<\/p>\n<p>However, growth in <strong>EV demand has been slowing<\/strong> while the opposite has been the case for plug-in hybrids in many markets. Automakers like Cadillac, Hyundai, Mercedes-Benz, and Porsche have also recently backtracked on their EV plans, and are investing in new gas and plug-in hybrid models for the next decade.<\/p>\n<p>The shift at Volvo isn&#8217;t a huge surprise as dealers, particularly in the U.S., have been pleading to keep plug-in hybrids in the lineup. CEO Jim Rowan also <a href=\"https:\/\/www.motorauthority.com\/news\/1143936_volvo-needs-to-keep-plug-in-hybrids-or-will-die-according-to-dealers\" target=\"_blank\" rel=\"noopener\">told Automotive News<\/a> in July that mild-hybrid and plug-in hybrid powertrains are an ideal bridging technology for customers not ready to make a switch to an EV, and that Volvo will continue to invest in the technology. The automaker also on Wednesday unveiled <a href=\"https:\/\/www.motorauthority.com\/news\/1144355_2025-5-volvo-xc90-price\" target=\"_blank\" rel=\"noopener\">an updated XC90<\/a> featuring mild-hybrid and plug-in hybrid powertrains.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Volvo no longer expects to be a 100% EV brand by 2030 Volvo currently aims to have 90-100% of its sales made up of both EVs and plug-in hybrids by 2030 Volvo is still committed to EVs and has five currently in the pipeline Volvo has joined a growing list of automakers curtailing their EV [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":76547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-76546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/76546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76546"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/76546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/76547"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76546"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}