© Reuters. Jim Rowan, Volvo President & Chief Government Officer, speaks in the course of the reveal occasion of the Volvo EX30 small SUV automobile in Milan, Italy June 7, 2023. REUTERS/Claudia Greco
DAVOS, Switzerland (Reuters) – Volvo (OTC:) Automobiles sees “large progress” within the battery electrical autos class, CEO Jim Rowan advised Reuters on the International Markets Discussion board in Davos on Wednesday.
Volvo Automobiles, which goals for EVs to account for half its gross sales quantity by mid-decade and to promote solely electrical vehicles by 2030, stated the expansion in demand for its premium model was stronger than that of mass-market rivals.
“We’ve got far more pricing energy and folks have gotten extra disposable revenue to allow them to afford it in the event that they wish to drive an EV,” Rowan stated.
The Volvo Automobiles CEO stated that, in distinction to others, he noticed good progress globally for electrical vehicles, with an explicit robust demand in Europe.
(Be a part of the GMF, a chat room hosted on LSEG Messenger, for stay interviews: https://lseg.group/3TN7SHH)
