Volvo CEO Cites US Subsidy Impact
The CEO of Volvo Cars stated that the company underestimated the impact of ending subsidies for plug-in hybrid vehicles. This policy shift has resulted in a sharp decline in sales within the United States market.
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Sources · 7 independent
Bluesky Social
“Volvo Cars CEO talks about the US market: We underestimated the impact of the end of subsidies on plug-in hybrid vehicles, which have seen a sharp decline in sales.”
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