Volvo CEO: Ban on gasoline cars makes more sense than EV credits and subsidies

Volvo CEO: Ban on gasoline cars makes more sense than EV credits and subsidies

2021 Volvo XC40 RechargeA ban on gasoline cars will be more effective than the current practice of electric-car incentives, Volvo CEO Håkan Samuelsson told a Financial Times conference earlier this week. “No one can build a successful and profitable business by relying on incentives,” Samuelsson said. “While temporary incentives can help encourage…

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