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Volvo CarsCNBC
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86% Informative
European car giants struggling to come to terms with a perfect storm of challenges on the path to full electrification.
Volvo Cars recently announced it had abandoned its heavily promoted plan to produce only EVs by 2030 .
Crisis-stricken Volkswagen and several other carmakers, including Ford and Mercedes , have all announced plans to delay earlier targets to phase out sales of internal combustion engines vehicles in Europe .
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