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Roula Khalaf, Editor of the FT, selects her favorite tales on this weekly e-newsletter.
Volvo Vehicles has deserted its formidable goal to promote solely electrical automobiles by 2030 amid a worldwide dampening of demand for battery-powered automobiles.
The Geely-owned Swedish group had been the primary amongst conventional carmakers to pledge a whole change to electrical, and stays essentially the most bullish in regards to the transition.
Gross sales of electrical automobiles have slowed globally resulting from client considerations in regards to the larger price and lack of charging infrastructure. The hit has been significantly laborious in Europe, the place Germany and different international locations have abruptly ended incentives for EV purchases.
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