the car company Volvo has decided that by 2030, it will have either electric or hybrid cars. They will not have all electric cars because people are not asking for them as much as they thought they would and it is too expensive to make them.

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### HEN:
explanation like for 7 years old: the car company Volvo has decided that by 2030, it will have either electric or hybrid cars. They will not have all electric cars because people are not asking for them as much as they thought they would and it is too expensive to make them. Read from source...

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Negative

In the article, the writer discusses how Swedish automaker Volvo Cars has changed its plans for full electrification. The company had initially aimed to offer only electric vehicles by 2030, but has now adjusted its plans to include battery electric vehicles and plug-in hybrids. This change in strategy is attributed to waning customer demand for EVs and changing market conditions. The company believes that a mixed portfolio of electric, plug-in hybrid, and mild hybrid vehicles serves as a "clear bridge" to full electrification. However, the adjustment is not expected to have any material impact on its capital expenditure plans. The company also called for "stronger and more stable government policies" to support the transition to electrification.

Volvo Cars to Scrap Plans for All-EV Lineup by 2030, to Focus on Hybrid Models Instead

Volvo Cars has announced that it is abandoning plans to offer an all-electric vehicle (EV) lineup by 2030. Instead, the company will now focus on offering a mix of electric vehicles and hybrid models, which include both plug-in hybrids (PHEVs) and mild hybrids.

The decision was made in response to changing market conditions and waning customer demand for EVs. Despite the shift, Volvo Cars remains committed to achieving full electrification in the long term. The company believes that offering a mix of electric, PHEV, and mild hybrid vehicles serves as a "clear bridge" to full electrification.

Volvo Cars will aim to have battery electric vehicles (BEVs) and PHEVs account for 90 to 100 percent of its global sales volume by 2030. The remaining up to 10% will be mild hybrid vehicles.

The share of fully electric cars in Volvo's portfolio stood at 26% in the second quarter. Together with PHEVs, it accounted for 48%.

Volvo Cars also called for stronger and more stable government policies to support the transition to electrification.

Investment Recommendations:

- Short Term: Neutral
- Medium Term: Neutral
- Long Term: Positive

Risks:

- Changing market conditions and customer preferences for EVs may continue to impact Volvo Cars' sales volume.
- The company's focus on hybrid models may face regulatory challenges in certain jurisdictions that promote full electrification.
- Increased competition from other automakers offering EVs and hybrid models may put pressure on Volvo Cars' market share.

Disclaimer:

This article is not intended as investment advice. The information provided is for educational purposes only and should not be considered as a recommendation to buy or sell any particular stock, security, or investment. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.

The information contained in this article is based on sources believed to be reliable, but its accuracy is not guaranteed. The author and the publisher of this article are not responsible for any loss or damage that may arise from the use of this information.

Neutral/Positive