Volvo’s head of sustainability on why the brand tweaked its ‘EV or bust’ strategy

Money, of course. "The market isn't with us" is some bullshit when we need to rapidly get rid of gas cars but car manufacturers are greedy shitholes.

I bet they were banking on Geely manufacturing to be able to hit ICE price points and profit margins, but then that 100% Chinese EV tax rolled in, and everything they were forecasting went out the window.