the staff of the Ridgewood blog
Ridgewood NJ, Volvo made headlines as the first car manufacturer to pledge an all-electric lineup by 2030, a bold move signaling a shift towards a more sustainable automotive future. However, like many of its industry peers, Volvo is now reevaluating that plan. Chief Commercial Officer Bjorn Annwall recently admitted that the company needs to “adjust to reality,” as fully electric vehicles (EVs) must also be profitable. This statement highlights the growing tension between environmental goals and financial sustainability.