lancpudn:
Blimey! That was quick to get shut of their ICE’s“Volvo Cars has shoved its carbon-emitting engine business off its books by moving all of its internal-combustion powertrains to a new joint-venture company called Aurobay.
A creation of Volvo and its Zhejiang Geely Holding Group parent, the Aurobay joint venture means there are no more combustion engines within the Volvo Cars Group, with the carmaker keeping only its electric powertrains on its balance sheet.” forbes.com/sites/michaeltay … c672683b48
They clearly haven’t abandoned/dumped ICE they’ve just shifted production to a different account under a different name and subsidiary.
Probably a good way of circumventing ICE sales rationing and limits.
Also more confirmation that they are caught in a catch 22 of customer resistance.
While artificially making fossil fuel as expensive and unaffordable as electric won’t fix that.
The industry is clearly betting on a U turn because there is no demand for something that costs well north of 20p per kWh possibly double that to fuel + battery costs and road fuel taxes.
The CO2 despots are about to meet economic reality head on.
Let alone a nuclear disaster added to that.