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Volvo Cars has abandoned its ambitious target to sell only electric cars by 2030 amid a global dampening of demand for battery-powered vehicles.
The Geely-owned Swedish group had been the first among traditional carmakers to pledge a complete switch to electric, and remains the most bullish about the transition.
Sales of electric vehicles have slowed globally due to consumer concerns about the higher cost and lack of charging infrastructure. The hit has been particularly hard in Europe, where Germany and other countries have abruptly ended incentives for EV purchases.
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