Volvo CEO Criticizes EU’s Strategy on CO2 Emissions Reduction and Electric Cars

Stephan Jacoby, President and CEO of Volvo Cars, said today at an industry seminar in Brussels that the European Commission’s plan of reducing CO2 emissions and promoting electrification throughout Europe is mistaken. Jacoby believes that a lack of a cohesive incentive strategy and over-optimistic targets set by the EU will not have the desired effects. He said that the high cost of