Model E news and trends

Volvo’s EV Funding Cut Highlights Ongoing Challenges in Driving Consumer Demand

February 01, 2024
Interviews & Exclusives
Volvo’s EV Funding Cut Highlights Ongoing Challenges in Driving Consumer Demand

February 01, 2024
While electric vehicles (EVs) have been celebrated for their potential to revolutionize transportation and accelerate the path toward a greener future, recent moves by original equipment manufacturers (OEMs) to scale down production, divest and cut funding have cast a shadow over this once-optimistic narrative. On Thursday (Feb. 1), Swedish car manufacturer Volvo announced that it […]