A few months ago, GM Authority reported that Cadillac was reversing course on its ambitions to go all-electric by 2030. With that in mind, it appears as though rival Volvo is following in the luxury marque’s footsteps and is now walking back on its commitment as an EV-only brand by 2030.
Per a statement from the Swedish-based automaker, Volvo has elected to adjust its electrification ambitions in order to compensate for the shifting electric vehicle market. As such, the automaker now aims for 90 to 100 percent of its global sales to consist of electrified vehicles – which includes both all-electric and plug-in hybrid models – by 2030. In the same vein, any remaining vehicles will be mild hybrid offerings.
It’s worth noting that Volvo’s entire current North American lineup is equipped with a mix of mild hybrid, plug-in hybrid and fully electric powertrains.
“We are resolute in our belief that our future is electric,” Volvo Cars Chief Executive Jim Rowan remarked in a prepared statement. “An electric car provides a superior driving experience and increases possibilities for using advanced technologies that improve the overall customer experience. However, it is clear that the transition to electrification will not be linear, and customers and markets are moving at different speeds of adoption. We are pragmatic and flexible, while retaining an industry-leading position on electrification and sustainability.”
As a reminder, Volvo has revealed a few all-electric competitors to various GM global offerings, including the China-only EM90 and the global-market EX90. Meanwhile, the EX30 – which will stand as a Volvo’s smallest electric crossover product upon debut – was recently unveiled without a direct General Motors rival.
For Cadillac’s part, the luxury marque recently suggested that a softer approach toward the transition to all-electric future was warranted, likely influenced by changing market dynamics and consumer feedback. Furthermore, Cadillac Global Vice President John Roth emphasized the need for “luxury of choice,” ensuring that customers have the option to choose between ICE-powered and EV offerings.
Comments
Reality is finally hitting these companies. Hopefully reality is hitting the American Voters and we will get rid of this nightmare regime that is pushing these mandates in the first place.
That’s a very egocentric point of view. Thinking that a change in the regime in the USA will stop the progress in the rest of the world. It is too late anyway, the market is regulating itself and no crooked short sighted politics can override that. And the USA is usually the first to respond to market demands.
“It is too late anyway, the market is regulating itself”
– Tax credits up to $7,500 are available for eligible new electric vehicles and up to $4,000 for eligible used electric vehicles.
– Corporate Average Fuel Economy standards require an industry-wide fleet average of approximately 49 mpg for passenger cars and light trucks in model year 2026.
– Biden’s $7.5 billion investment in EV charging has only produced 7 stations in two years
– Over $15 Billion dollars for EV Battery plant Grants.
Those are just a Few, but it sure does not seem like “The Market” is regulating itself. It looks more like the Government is Regulating the market. Government needs to keep their hands out of things, they turn everything into crap.
The market regulating itself comment was made after seeing all the car manufacturers reversing their policies from all electric to a mix of ICE, Hybrid, PHEV and EV. I wasn’t commenting on what government did or will do. Government can slow down or accelerate the technological progress but it cannot stop or reverse it. Only the market shift or catastrophic events can do it.
Cadman222: Well, to start, how about you put up the list of subsidies for big oil? How about you level the playing field and stop the BS.
Not only that, but some of your “stats” are just plain wrong. But don’t let facts get in the way of your agenda.
My agenda is get rid of big government. Plain and Simple.
Bingo.
Europe slashing EV Production.
Vote Team Freedom (and keep USA for what it stands for…Freedom) not Team Mandate!
Wow, more common sense!
Wow, giving your customers choices for what they think will work best for them. What a new idea.
Dang, and I had already written a eulogy for Volvo!
Volvo, along with automakers like Mazda, should bring back a performance division in order to inject some fun back into their companies & attract younger buyers.
Womp Womp
Easy all you haters. The lack of understanding around all this is staggering.
I work at a Volvo store. Like GM and others, they are making adjustments as they go. Fact. EV sales are up. Fact. EV is the direction the entire industry is heading. Fact. Buying an ICE powered vehicle will be a thing of the past not too long from now. Just because Volvo, like GM, is adjusting to how the market is moving, doesn’t mean that they are saying no to EV. They simply bumped the time by a few years is all.
Let’s remember. When you have such ill informed public that makes comments like the above, the resistance is noticed and manufacturers adjust. But it’s changing very little.
We’re “haters” for wanting options and not being forced into something YOU want? Ok.
Ok John.
The how about we have choices when it comes to something besides freeking SUV’s and CUV’s? How about we have a choice to buy AMERICAN and get the body style we want instead of what they want to sell us or what so many or you think we should all drive?
Let’s see. You want a Buick sedan? GM says go F yourself. Want a small Chevy sedan or large Chevy sedan? Go F yourself. Take the Malibu or go buy foreign. Want a Ford or Lincoln sedan? Go F yourself says Ford. And if you want one of these turds with fully painted trim? Too bad. Take the ugly black plastic all over or stay home is the message I’m getting. Funny how you don’t like how it feels and yet that’s exactly what we’ve been dealing with.
So don’t preach to me about “options”.
I’m actually with you about buying American and there being too many CUV’s and SUV’s. I’d love to see a new ICE or hybrid Camaro and some more sedans. Make something for everyone.
We certainly agree there.
Ok boomer.
Some of us want cleaner air and a better environment and health for a families and children and neighbors.
Have you stopped flying places? Using plastics and electricty? Heating and A/C?
Have you stopped polluting?
Yeah, didn’t think so, hypocritical boomer.
Government mandates are artificially pushing the sales increase, not normal economic forces. Volvo store, your allegiance is with the CCP.
C’mon Cim. Sounds to me like you’re hating the haters for them not liking what you like. That’s the true definition of hate. Hate, hate hate….and hate! The most overused word in the English language these days.
In the meantime, buy an EV and enjoy/live with it. Why must you have acceptance from everyone else?
morrisangelo: Well, let’s look at this. When is the last time you went to fill up your gas/diesel tank and had an EV blocking the pumps? Yet, it’s a daily occurrence where huge trucks and SUV’s think it’s funny to block off as many EV chargers as they can. One of the most recent was a full sized GMC with a huge toy trailer hooked up and blocking about 9 chargers.
When is the last time you sent to fill up your ICE and found the fuel pumps with missing hoses? Purposely damaged or the entire pump destroyed just so you couldn’t fill up? And yet, EV charger station after station is just that. Cords cut off. Plugs smashed. Or even the entire station destroyed.
When’s the last time you had some goob in a huge diesel truck pull up and start rolling coal on you?
You see morrisangelo, it’s real easy to try and turn the tables and call those of us driving EV’s haters. Yet, actions speak louder than any words.
What are you talking about? You’re the one tossing around the word “haters”. Geez…
Like I said, enjoy your EV…nobody’s stopping you. Why do you spend your hours trying to convince people to mimic you. It’s unnecessary and it’s a waste of everyone’s time.
Let people CHOOSE what they want, when they want!
Thought I’d add this to the mix.
Where I work, there’s are two guys that I was talking with yesterday. One drives a 2023 GMC Sierra and averages 10.8 MPG. The other drives a GMC Canyon and is averaging +/- 15 MPG. Both have been asking me about my Chevy Bolt EV. Both are planning to sell or trade their trucks and get either the Equinox or Blazer EV. Why? Because they are finally seeing how much money they are flushing down the toilet just to “drive a truck”. Both these guys will save more on gas than what the payments will be on a lease for the EV’s.
Both of those vehicles should be getting significantly better mileage than you stated, those numbers aren’t right. If you sell those then you should know better.
I’m sorry. What did these “guys” do to their trucks to get such low MPG numbers? My brother daily drives a Silverado and gets 19 MPG. I daily drive a Colorado and get 20 MPG.
And here it goes. Paul and whypac: I state a FACT that I have two co-workers who have told me exactly what they are getting for MPG and all you want to do is say I’m lying or they are. I could give a list a mile long of people I know who are only getting in the low to mid teens on their gas hog trucks and SUV’s. So what’s your fairy tail numbers? Are you going to claim that you have one and get 27 MPG? When? While driving down hill with the wind to your back at 35 miles per hour?
Not only do I have my co-workers, but I have tons of family and friends who drive these huge beasts as well. Nobody is getting good MPG’s. Nobody.
Well my 2023 Siverado gets between 28 – 32 mpg driving on the interstate at 75 mph depending on the wind speed and direction. Of course it has an inline 6 Diesel.
cim88 – I can easily state I have a list a mile long of people I know who get 20 mpg in their trucks and suvs. See how easy it is to lie on the internet?
You know what is a lie in your statement? The fact they can save a monthly payment in gas to cover their lease payment on an EV. Lets dig into that shall we? If they are driving enough to stay under the lease miles (10k is what I am seeing) then at 15mpg (we are being realistic here, that is still below what a full-size gas V8 truck is rated) it would cost $2,000 a year in fuel at $3 a gallon and many areas are lower than that. Lets math that over 12 months, $167 a month. Looking reddit threads where they try and find the best Blazer EV lease deals it is right around $300 a month, so not even close to covering just the gas. On top of that you have taxes to pay, you have nothing to sell if you are in the black as you have a lease (same as renting). So that is a pretty bad financial decision. Plus if they have a home they need to pony up for a home charger. If they have paid off vehicles or partially paid off vehicles you are even further going in the wrong direction. Let’s not forget you still have to pay to charge. At home is fairly cheap but any use of fast chargers can get a little pricey, significantly offsetting that gas savings. So lets try to keep the statements to ACTUAL FACTS not friends of cousins statements or false disclosures. No one is saving enough gas to cover an EV lease, PERIOD.
GM states $1,150 in savings per year in gas. That is $96 per month. What lease are they getting that is $96?
rEVolutionay, so you save $83 a month on gas, whoa!!!! LOL
TMI: I was actually quoting exactly what my two co-workers told me that they are doing. Mark drives the full sized Sierra. 6.2L V8 and 4 WD. He drives about 25 miles per day round trip to/from work. We are in California. According to HIM, he spends (on average) $500 per month on gas. I believe that because when I had my 2021 Chevy Malibu, which was triple the MPG Mark gets, I was spending about $250.00 a month on gas and I have nearly the same round trip daily. So I feel that his $500 a month may be on the low side. His truck payment is $800 a month. He has some but very little equity, so he can sell his truck and rid himself of the $800 payment. Then he can lease the EV with no money out of pocket and 15K per year for miles with a payment around $500 per month. His words, not mine. Now he has zero gas, right? So his payment would drop around $300 a month and no gas (saving him $500 + per month). Now if he spends $200 per month charging (which is very unlikely), his net saving just on gas/electric would be $300 per month. Now that is me using what he is saying and again I’m sure he’s spending more than $500/month on gas and would probably spend less on charging. So him getting rid of his gas hog truck and going EV now would more than pay for his lease.
My other co-worker has the smaller truck and gets a little better MPG (if you think 15 is better). He drives longer distance to/from work and spends about the same on fuel. He has more equity and he is getting a different (better) lease deal on a different EV. So his net savings will still be enough to make it work totally to his advantage.
But go ahead and enjoy your life in the 90’s.
TL;DR
I have a 2023 1500 inline-6 diesel. I get 20 mpg local, and best I’ve gotten on the highway is 36. I spend about 100/month on fuel. Not all trucks are pigs on fuel.
20mpg is crap efficiency.
Where I live, it gets down to negative 40 degrees actual temp. I will take 20mpg any day over having an EV in that sort of climate. Lets just be honest, EV’s SUCK in cold temps, they SUCK in extremely high temps.
Rather have an EV at those temps. At -40 you are going to have a hard time getting a gas engine to start without a heater block
That’s just misinformation. They have 96% EV sales in Norway, where it gets pretty cold. And it’s working out just fine for them.
😂 talking like 19mpg is actually acceptable.
My EV gets over 100mpge. I literally save over $1,000 per year.
That’s where I thought it’s a bad idea for discontinuing XT5 and XT6 because I feel that currently there’s still some challenges with EVs. I would agree to have hybrids as stop gap to be offered on XT5 and XT6 with Lyriq and Vistiq on the side. So when Alex Luft said it might not be offered here for the XT5 I kind of disagree.
Government driving the notion to go all EV is stupid, irresponsible and extremely dangerous to the welfare and security of our nation. Let’s start with the electric grids. It’s impossible to sustain the country going all electric. The impact on homes, machinery, everyday life is suicide. Imagine an enemy taking out our grids and starting a land, sea and air invasion because we are stopped in our tracks. No thank you. We have enough discovered oil to last over 400 years. It’s not broke, don’t try to fix a problem that’s not there.
Thanks, I’ll wait til ’35. After the early adopter lab mice workout the bugs.
Electro24: Early adapter?
GM had the EV1 in the early 90’s.
Tesla has full EV’s around 2010 ish for the roadster and 2013 for the Model S.
Chevy had the Spark EV in 2015. That was my first EV. Great city car.
There’s more, but I’d hardly call going EV in 2024 as an early adapter.
Clickbait headline, they are still aiming for 90%, which is pretty good.