Volvo CEO and Elon Musk share the same opinion about EV buyers
The Swedish automaker CEO's remarks come amid major political moves in key markets.
Like many established "old-school" automakers, Swedish automaker Volvo committed in 2021 to transforming its lineup of luxury sedans, SUVs, and station wagons into electric cars.
The company committed to phasing out "any car in its global portfolio with an internal combustion engine, including hybrids," making a bold claim that buyers would shift from their gas-guzzlers to the plug as time passes and technology improves.