"The future still remains the same, the destination point is the same. The arrival point, I think, becomes maybe slightly delayed," Rowan told Fortune in Gothenburg, Sweden on Wednesday evening.
"When there was a massive incentive to move to BEV (battery electric vehicles), some people ended up taking them, but when there was no incentive any longer, [they thought]: 'I'll just stick with what I know.'"
"We will be fully electric probably in 50% of the market way before 2030, but in the other 50%, it's going to take a lot longer."
"The news helped knock Volvo Cars shares nearly 6% on Wednesday, leaving it teetering above a record low price."
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