Volvo softens EV-or-bust strategy as hybrids show promise

XC90 Recharge T8 AWD — Volvo is said to be considering updating its SPA1 platform, which supports mild- and plug-in hybrid variants of the XC90 and XC60 crossovers, as the brand's electric vehicle sales in the U.S. and China slump. (VOLVO CARS)

July 25, 2024 10:12 AM

Automakers from Aston Martin to Volkswagen Group are recalibrating their electric vehicle ambitions as the technology's growth trajectory has lost some of its zoom.

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