Volvo has announced that it will no longer pursue its previously stated goal of producing only fully electric vehicles by 2030. The carmaker now...

Swedish automaker Volvo on Thursday announced it's no longer aiming to sell only electric vehicles by the end of the decade, citing shifting market...

Carmaker defends plan to close German plants as Volvo ditches target to sell only electric cars by 2030

Carmaker defends plan to close German plants as Volvo ditches target to sell only electric cars by 2030

Volvo says it has abandoned its ambition to sell only fully electric cars by 2030.

The car maker's decision comes as industry faces slowing demand in some major markets for electric vehicles.

Volvo made bold plans to go electric-only by 2030 three years ago, but slowing sales has forced it to amend its targets.

Tesla appears to be the latest carmaker to take a stab at wireless electric vehicle charging, tipped to be introduced with its robotaxi.