Volvo’s green car forecast flashes an amber light

Volvo Cars expects its margins on electric cars to match those of vehicles with combustion engines by 2025, according to Chief Executive Hakan Samuelsson, Reuters reported on March 21. Samuelsson cited both falling costs for electric car components and declining margins on conventional cars.

Volvo is investing about 5 percent of its annual revenue, equating to a little more than $1 billion a year, in building driverless and electric cars, and has promised to deliver five fully electric cars to market in the next few years. On March 27, Chinese carmaker BYD reported 2018 net profit fell by almost a third year-on-year to $2.8 billion yuan . Its net profit margin shrank to 2.3 percent, compared with 4 percent a year earlier, the filings showed.

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