European carmakers, including Volvo, Volkswagen, Ford, and Mercedes, are reevaluating their plans for an all-electric future due to market challenges like slow charging infrastructure rollouts, reduced government incentives, and tariffs on Chinese-made EVs.
Volvo, for instance, has abandoned its target of selling only electric vehicles by 2030, citing a need for flexibility. Analysts suggest that the industry’s initial enthusiasm for rapid electrification may have underestimated consumer resistance to change and the complexity of the transition, leading many companies to delay their EV targets.
