Volvo to be Electric-Only
Volvo announced on Tuesday that the automaker intends to be an electric-only brand by 2030. CEO Hakan Samuelsson foresees Volvo selling its last gasoline-electric hybrid in 2029 and expects its final diesel to be sold well before that. Volvo also intends to have these EVs only available for purchase via their online store while not affecting their global retail network. Key changes anticipated are set pricing by Volvo and faster delivery timelines.