In March 2021, Volvo said it would go fully electric by the end of the decade. However, the lofty EV goal was dropped in September 2024, when the Geely-owned company said plug-in hybrids would stick around for a little while beyond 2030. Despite getting cold feet, the automaker headquartered in Gothenburg was adamant that the European Union should maintain its goal of banning the sales of new cars with combustion engines from 2035.
