Volvo Car abandoned a target to sell only fully electric cars by the end of the decade, saying it might need to keep some hybrid models in its portfolio as the market faces an increasingly bumpy transition to electric vehicles.
The decision to ditch that target comes as the EV market is slowing amid a host of challenges, ranging from the imposition of tariffs and the withdrawal of government incentives in some countries to a slower-than-expected rollout of charging infrastructure.
The group said its long-term aim remains to become a fully electric car company and reach net zero greenhouse gas emissions by 2040.

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