Swedish Car Company, Volvo abandons its target to produce only fully electric cars by 2030, saying it now expects to be selling some hybrid vehicles by that date.

The company blamed changing market conditions for its decision to give up a target it had announced only three years ago.

It comes as the industry faces a slowdown in demand in some major markets for electric vehicles (EVs) and uncertainty due to the imposition of trade tariffs on EVs made in China.

Volvo, which has traditionally flaunted its environmental credentials, joins other major carmakers General Motors and Ford in rowing back on EV ambitions.