AB Volvo (publ) (0HTP.L)

Volvo can adapt to individual state demands for EVs, hybrids

Swedish automaker Volvo (VOLCAR-B.ST, VLVLY) reported electric vehicle sales to have jumped by 70% year-over-year in 2023. Volvo Cars Deputy CEO and Chief Commercial Officer Björn Annwall joins Yahoo Finance Live and Senior Reporter Pras Subramanian to talk about Volvo's doubling down in the EV space, its ability to convert consumers from hybrid models, and its partnership with Polestar (PSNY). "We can play a different audience in different states, so that's really the strength of Volvo. What we see happening now in the US is really how plug-in hybrids are taking off," Annwall says. "Many consumers see that as a bridge into a fully electric future." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.