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it home reported on september 4 that according to reuters, swedish automaker volvo said on wednesday local time that it has abandoned its goal of selling only all-electric vehicles by 2030 and will allow some hybrid vehicles as part of its product lineup at that time.

volvo cars said it had lowered its target of having more than 90 percent of its cars sold be fully electric or hybrid by 2030 due to changing market conditions and customer demand.

as previously reported by it home, in 2021, volvo car corporation announced that it will gradually phase out all internal combustion engine vehicle products, including hybrid vehicles, and achieve the goal of selling only pure electric vehicles by 2030, and all models will be sold online.

in march 2024, volvo stopped producing diesel engine cars, becoming the first major traditional automaker to completely abandon diesel power.

volvo ceo jim rowan once said: "electric drive is our future," and stressed that volvo will "focus on building a series of luxury pure electric vehicles that can meet customer expectations."