Volvo Sees All-Electric Vehicle as 'Right Thing To Do'

Hakan Samuelsson, CEO of Volvo Cars, discusses the company's strategy for electric vehicles (EVs) at an unveiling event in Los Angeles. He emphasizes the importance of profitability from day one, despite initially low volumes and higher costs. Samuelsson believes that in the mid to long term, EVs will offer higher value to consumers and are the right direction for Volvo.

What factors does Hakan Samuelsson mention that could affect the profit margin of the EV car initially?

What does Hakan Samuelsson believe about the long-term value of an EV car for consumers?