Volvo Car to build EVs in US despite Trump's tax reversal

CEO touts plans for '2nd-generation' hybrid in market steering away from full EVs

Volvo Car began production of its new EX60 electric sport utility vehicle on April 22 at its factory in Gothenburg, Sweden. (Photo by Takako Fujiu)

GOTHENBURG, Sweden -- Despite the headwinds facing electric vehicles in the U.S. under President Donald Trump, Volvo Car will start making a new EV there in late 2026 as planned, CEO Hakan Samuelsson told Nikkei in a recent interview.