Volvo Car CEO Jim Rowan has warned of a slowdown in the car market due to inflation, slow roll-out of electric vehicle charging infrastructure and tariffs. Despite initial growth of 10% in the first half of the year, Volvo has lowered its annual growth forecast from 12-15% to 7-8%.

However, thanks to the popularity of its range of plug-in hybrids, Volvo is outperforming growth in the premium market and remains confident in its diversified product strategy.

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