Global automotive market
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- Japan, Sweden
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Volvo abandoned its goal of selling only electric vehicles by 2030 while retaining a longer-term electric strategy. Toyota reduced its 2030 electric-vehicle production target by one third.
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Volvo and Toyota scale back electric-vehicle targets
Volvo abandoned its goal of selling only electric vehicles by 2030 while retaining a longer-term electric strategy. Toyota reduced its 2030 electric-vehicle production target by one third.
Open source reportChronology
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Volvo and Toyota scale back electric-vehicle targets
“Volvo ditched its plans to produce only electric vehicles (EVs) by 2030 amidst a slowdown in demand for EVs.”
Volvo abandoned its goal of selling only electric vehicles by 2030 while retaining a longer-term electric strategy. Toyota reduced its 2030 electric-vehicle production target by one third.
Open source report