Volvo Cars AB is withdrawing from Europe’s car lobby, the second major automaker to do so in the past month, as the industry fractures over the transition to electric vehicles.

Volvo Cars, which aims to produce only electric vehicles by 2030, said Friday that the ACEA lobby’s efforts to combat climate change aren’t aggressive enough. The company said it was “better to take a different path for now.”

(Source: Bloomberg, July 8 – 2022)