STOCKHOLM (Reuters) – Swedish automaker Volvo Cars said on Wednesday it had abandoned is ambition of selling only fully electric cars in 2030, and would instead allow plug-in vehicles as well as some hybrid engine cars as part of its lineup.
“We are resolute in our belief that our future is electric,” CEO Jim Rowan said in a statement.
“However, it is clear that the transition to electrification will not be linear, and customers and markets are moving at different speeds of adoption,” he added.
(Reporting by Marie Mannes and Stine Jacobsen, editing by Terje Solsvik)