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Swedish automaker Volvo Cars (OTCPK: VLVCY) has scrapped its plans to offer only electric vehicles by 2030, the company said on Wednesday, citing waning customer demand for EVs and changing market conditions. What Happened: The company is now looking for battery electric vehicles and plug-in hybrids collectively to account for 90 to 100 percent of its global sales volume by 2030. The remaining up to 10% will be mild hybrid vehicles, the company said. The adjustment to the company’s EV production targets is not expected to have any material impact on its capital expenditure plans, the company s…

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