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Volvo Quits Europe Car Lobby Group as EV Shift Fractures Industry
- Automaker says it isn’t fully aligned with ACEA’s positioning
- Volvo joins Stellantis in planning to leave group at year-end
The charging port of a Volvo C40 electric vehicle.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Volvo Cars AB is withdrawing from Europe’s car lobby, the second major automaker to do so in the past month, as the industry fractures over the transition to electric vehicles.
Volvo Cars, which aims to produce only EVs by 2030, said Friday that the ACEA lobby’s efforts to combat climate change aren’t aggressive enough. The company said it was “better to take a different path for now.”