article thumbnail

Volvo flexes its pricing power for EVs with the EX30 rolling out for $35,000

Baua Electric

Volvo’s leader explained, “We have much more pricing power, and people have got more disposable income, so they can afford it if they want to drive an EV.” Volvo CEO Jim Rowan during the EX30 reveal (source: Volvo) An affordable EV for everyone The brand’s leader confirmed orders for the electric C40 and new EX30 are strong, even in the US.

Volvo 98
article thumbnail

Volvo EX30 to become a best-seller as the first models reach EU buyers

Baua Electric

Starting at $34,950 (36,000 euros), it will be one of the most affordable electric cars on the market. In China, Volvo is also launching its first electric minivan , the EM90. The EV minivan features a “Scandinavian living room” and up to 450 mi CLTC range. Demand for affordable electric cars continues building.

Volvo 52
article thumbnail

Volvo’s new EVs are attracting Ferrari-like wait times because they are ‘the right products’

Baua Electric

In Germany, the wait time for Volvo’s most affordable EX30 is up to four months. In the US, the EX30 will be one of the most affordable EVs, starting under $35,000. It will be available in a single-motor extended range and a motor performance model. Volvo’s EX90 will start at $76,695 in the US.

Ferrari 52
article thumbnail

Volvo EX30 boosts EV sales share in February to reach a new record at 22%

Baua Electric

Volvo sold 5,863 EX30 models through the first two months of 2024 as demand for affordable EVs heats up. It will be available in a single-motor extended range and twin-motor performance version. The extended-range model will feature up to 275 miles driving range. 0 to 60 mph sprint.

Volvo 52
article thumbnail

How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

General Motors Chevy Volt series PHEV, which it calls "extended range electric vehicle" (EREV), part of "E-Flex" multi-fuel platform. Before we were saying it will be an awfully long time before we can get the costs down so people can afford it, but actually if you offset the fuel costs, people can afford it." ( Green Car Congress ).

Plug-in 45