Why Volvo is slowing down its all-electric plans

Volvo ditched a key electrification goal, but the automaker’s head of global sustainability says it’s still committed to EVs.

In 2021, Volvo set an ambitious goal to make only all-electric vehicles by 2030. Three years later, the company has abandoned that target. Now it says it expects at least 90% of its cars to be electrified by that year, meaning some of them might be hybrids, not fully electric. (Some of the cars might also be “mild hybrids,” meaning they’ll have a small electric motor but mostly run on gas.) But the company says it’s still committed to an all-electric future. We talked to Vanessa Butani, Volvo’s head of global sustainability, about the company’s plans.