Mahmoud ElMassry’s Post

Volvo Cars has revised its earlier commitment to stop selling internal combustion engine vehicles by 2030, now aiming for a lineup that is at least 90% electric, which includes both battery-only and plug-in hybrids. The company indicates that up to 10% of its models may consist of mild hybrids. This adjustment is attributed to slow expansion of charging infrastructure and the withdrawal of purchase incentives. CEO Jim Rowan emphasized the uneven pace of the transition to electrification, reflecting varied customer and market adoption rates. The shift is driven by European emission regulations set to phase out internal combustion cars by 2035, though adoption of electric vehicles has faced challenges, including the sudden removal of subsidies in Germany and lagging charging station construction. Additionally, Volvo mentioned uncertainties from new tariffs on Chinese electric vehicles, with the U.S. imposing a full tariff and the EU implementing tariffs ranging from 17.4% to 37.6%. Volvo joins other automakers like Mercedes-Benz and Ford in scaling back electric vehicle targets. #MotiveAsia #Japan https://lnkd.in/gTKX4qft

Volvo Revises 2030 Electric Only Strategy: Adapting to Market Realities and Evolving Consumer Demand Volvo Cars has taken a step back from its bold pledge to sell only electric vehicles by 2030, reflecting the broader reality facing many automakers. While they were once a leader in committing to a fully electric future, they’ve adjusted their target to 90-100% of sales being electric or plug-in hybrids by the end of the decade. The reason? The market just isn't moving as fast as they had hoped. What’s driving this shift? A mix of factors that many in the EV space are struggling with – high costs, limited charging infrastructure, and consumer hesitancy. In Europe, where subsidies for EVs have been slashed (especially in Germany), sales are expected to drop by 20% this year. EV penetration in Europe will only inch up from 14.5% in 2023 to 14.8% in 2024, which is a clear signal that we’re not yet where we need to be. And the cost gap isn’t helping – EVs still cost 20-30% more than traditional petrol cars. Another big factor in this recalibration is the rising global tariffs on Chinese-made EVs. To address this, Volvo is expanding its production footprint. They’re already operating in China, Sweden, and Belgium, with a new plant set to open in Slovakia in 2026. Plus, starting next year, their EX30 model will be produced in Belgium as well as China. The takeaway? Volvo’s adjusting to the realities of the market while staying committed to its electric future. It’s a lesson for many of us – bold targets are important, but being adaptable and responsive to real-world conditions is crucial to long-term success. #Volvo #Electric #Hybrid #Automobile #Automotive

Volvo Cars has announced an adjustment to its electric vehicle (EV) strategic plans, scaling back its previous pledge to go fully electric by 2030. Key points:  •  Targets 90-100% electrified (all-electric & PHEV) sales by 2030 •  Up to 10% may include mild hybrids •  Aims for 50-60% electrified sales by 2025, revised from the previous 50% fully electric target •  Full electric transition will take longer than planned https://lnkd.in/g_5jecgQ #VolvoElectrification #EVStrategy

When new tech disrupts your industry, keep your eyes open for: Adoption of Disruptive Technologies Infrastructure Challenges Regulatory and Policy Influence Consumer Behaviour and Market Adaptation Economic and Industry Impact Global Competition and Innovation That is a whole lot of something one has to deal with CONSTANTLY. The song theme 'Stayin Alive' comes to mind

Volvo is pushing back its deadline to sell only electric vehicles, now saying it will rely on a mix of hybrids and battery electric vehicles. The company says it will achieve “net zero greenhouse gas emissions” by 2040. Three years ago, the Swedish automaker made a commitment to only sell EVs by 2030. Since then, EV sales have exploded, but a recent slowdown in growth is leading many manufacturers to reconsider their pledges. Volvo blamed the readjustment on a number of factors, including “slower than expected rollout of charging infrastructure, withdrawal of government incentives in some markets and additional uncertainties created by recent tariffs on EVs in various markets.” — The Verge #volvo #automotive #EV

Volvo Shifts Electrification Plans: What’s Behind The Change? 🌱 Volvo Cars has adjusted its electrification and carbon reduction goals, moving away from its original plan to become fully electric by 2030. Volvo now aims for up to 10% of sales to be mild hybrids, with the rest consisting of plug-in hybrids. This adjustment responds to various market challenges. Some factors affecting progress include slower-than-expected expansion of charging infrastructure, reduced government incentives, and new tariffs on EVs. By 2025, Volvo aims for electrified vehicles to make up 50% to 60% of sales. The original 2021 goal was 50% fully electric sales by that year. Volvo still aims for a complete lineup of fully electric vehicles before the end of the decade, adapting as market conditions allow. The company has revised its carbon reduction targets too. The new goals are a 65% to 75% emissions reduction per car by 2030, based on 2018 levels. Despite these changes, Volvo remains committed to achieving net-zero greenhouse gas emissions by 2040. CEO Jim Rowan reiterated the company’s belief in an electric future. Industry expert Ben Nelms noted that while this announcement may disappoint some, Volvo's progress in electrification is commendable.

Car company Volvo has updated its electric vehicle production targets, shifting away from solely producing fully electric cars by 2030. The decision to incorporate hybrid vehicles into its lineup was attributed to changing market dynamics, including a slowdown in EV demand and trade tariffs impacting Chinese-made EVs. Volvo now aims for 90% of its output to consist of electric cars and plug-in hybrids by 2030, with a possibility of offering mild hybrids. This adjustment aligns Volvo with other major automakers such as General Motors and Ford, who have also revised their EV strategies amidst shifting industry conditions. The company highlighted challenges like limited charging infrastructure and decreased consumer incentives affecting the EV business climate. As EV demand in Europe wanes due to subsidy cuts, Volvo's adaptation reflects a sad but albeit broader trend in the automotive sector.

Hi there! Here are the top five news of the week on Sustainable Truck&Van:   Milence, the joint venture shared by Volvo Trucks, Daimler Truck AG and TRATON GROUP, aims to deploy at least 1,700 hi-speed charging points by 2027 along the main European freight corridors. We’ve talked to the company’s CEO.   Tesla will cut about 10% of its global workforce. The news was anticipated by some very important media platforms, and apparently confirmed by internal sources in the last days.   CO2 emissions from large trucks (including vocational vehicles, such as garbage trucks, tippers or concrete mixers) and buses will have to be reduced by 45% for the period 2030-2034, 65% for 2035-2039 and 90% as of 2040. Green light from the Eu Parliament.   It’s called Renault Trucks E-Tech Diamond Echo the special version of a Renault Trucks electric heavy vehicle that will be touring Europe for the first time.   The Volvo Group will build a new heavy-duty truck manufacturing plant in Mexico to supplement the Group’s U.S. production. The plant, expected to be operational in 2026, will provide additional capacity.   #sustainabletruckandvan #stv #trucks #top5 #week #news 

As a recent enthusiast (expertise takes a lifetime, mind you) of automotive industry trends, Volvo Cars was always considered the most brazen by Conservatives and most forward by Green groups in its pursuit of electrification of its fleet. Yet today it is reversing (albeit mildly) its position in light of the reality the industry is facing. 🚙 But as was mentioned by Iron Man 2's chief antagonist, Ivan Vanko, "if you can make god bleed, the world will cease to believe in him". The ideological shift of Volvo is of more consequence than the reflected reality. ⚡ The devil remains in the details and Volvo still ensures at least 90% of its vehicles will remain electric, which is still a high number. But their argument for this slowdown of electric vehicle adoption across the world and especially in the EU is increased cost of vehicles, abolition of subsidies for EV adoption, and (most importantly) the lack of charging infrastructure. The industry has rehydrated itself multiple times after screaming its throats dry about the lack of ubiquitous charging infrastructure in the continent. You might argue that this is changing, and it is indeed, but it is more for passenger cars and at a pace that doesn't suffice. If the conversation moves towards Charging infrastructure for trucks .. well.. scarcity would be an understatement. But this would be another discussion! 🚚 🚛 Infrastructure must become commonplace before large-scale adoption. That is how the way it works. Think how 5G was everywhere before it was adopted by consumers and later definitively concluded to cause brain damage. 🧠 Yes, I'm being sarcastic. Of course, 5G also causes COVID! #electrification #mobility #charginginfrastructure

Volvo Cars has revised its plans to stop selling internal combustion engine vehicles by 2030, citing slow progress in charging infrastructure and the removal of purchase incentives. The company now anticipates its lineup will consist of at least 90% electric vehicles by the end of the decade, including battery-only and plug-in hybrids, with up to 10% potentially being mild hybrids. This shift is in response to evolving market conditions and customer preferences. Despite regulatory pressures in Europe to transition to electric vehicles, the adoption of electric cars has faced challenges, including the abrupt withdrawal of purchase subsidies in Germany and insufficient charging infrastructure. Recent data shows a decline in registrations of battery-only vehicles in Europe. Additionally, new tariffs on electric vehicles from China present further uncertainties, potentially driving up prices. Other automakers, including Mercedes-Benz and Ford, have also scaled back their electric vehicle targets and investments. #MotiveAsia #Japan https://lnkd.in/g9CxxmNf