Nick Carey and Helena Soderpalm of Reuters report that Volvo will be all electric by 2030.
- Volvo has stated that 50% of its global sales will be fully electric by 2025, with hybrid models comprising the other half of sales.
- Volvo is the latest car manufacturer to announce phase-outs of gas-powered vehicles, showing the free market is looking for ways to lower emissions.
- America can play a significant role in the electrification of vehicles by increasing our domestic supply of rare earth minerals through mining.
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