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Volvo, Other Automakers Urge EU to Stick to Plan to Stop Selling ICEVs
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Volvo, under the parent company of GEELY AUTO (00175.HK), along with dozens of industrial manufacturers, urged the EU to stick to its plan to stop selling new internal combustion engines vehicles (ICEVs) from 2035, arguing that companies need certainty in order to invest. Rivian (RIVN.US), Uber (UBER.US), IKEA and others urged the EU to maintain its target. Jim Rowan, CEO of Volvo, remarked that electrification is the most critical action the automotive industry can take to reduce its carbon footprint. AAStocks Financial News |
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