Swedish automaker Volvo walked back their goal of solely producing electric vehicles (EVs) by the year 2030 on Wednesday, claiming that it now expects to still offer hybrid models as we enter into the next decade.
Volvo has announced it will be getting rid of its plan to sell only fully electric cars by 2030.
Automaker Ford announced that it is recalibrating its EV strategy over concerns of not making enough profits, including getting rid of an electric SUV.
On Tuesday, the Biden administration announced its plans to invest $2.2 billion into the nation’s power grid in an attempt to revamp the grid against the threat of extreme weather and move forward with President Joe Biden’s clean energy program.
Toyota said it would invest $8 billion more and add about 3,000 jobs at its electric-vehicle battery manufacturing plant in North Carolina.