Volvo revises 2030 target

Volvo Cars has revised its 2030 target of going fully electric, now expecting to offer some hybrid models by that time. The automaker cited slowing demand for electric vehicles (EVs) due to a lack of affordable models, slow rollout of charging infrastructure, and upcoming European tariffs on electric cars made in China. Shares in Volvo dropped 7.5% following the announcement. Volvo now aims for 90% to 100% of its cars to be fully electric or…