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Volvo EX60 set to arrive as new Tesla Model Y, Porsche Macan luxury electric SUV rival

Baua Electric

A new all-electric luxury SUV is set to hit the market next year to compete with Tesla’s best-selling Model Y. Volvo is joining the luxury electric SUV market with its new EX60 launching next year. The new EX60 will rival premium models from Tesla, Porsche, BMW, and Mercedes-Benz. That’s up from 13 in Q4 2023.

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EC40, EX40, XC40… Has Volvo just reduced or increased its electric car naming confusion?

EV Central

In an attempt to clear up confusion over where the current Volvo C40 Recharge and Volvo XC40 Recharge sits in its growing EV line-up both will be renamed for 2024. From now on the Volvo XC40 Recharge will go by the Volvo EX40 name, while the more rakish C40 Recharge will be rebadged as the EC40. 2024 Volvo EX40.

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A new luxury EV IPO from Geely is reportedly in the works

Teslarati

Geely, a Chinese auto group, is reportedly pursuing an initial public offering in the United States for its new luxury EV brand, Zeekr. For those unfamiliar, Geely is a Chinese auto group that controls many notable brands, including Volvo , Polestar, and Lotus , as well as countless Chinese brands, including Geely’s own Geely Motors.

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

Baua Electric

With “tremendous growth” expected for its EVs, Volvo CEO Jim Rowan says the brand is outpacing rivals. Rowan claims Volvo has “much more pricing power” as it rolls out its cheapest EV so far, the EX30, starting at $35,000. After selling a record 113,419 EVs in 2023 (+70% YOY), Volvo expects to build on its momentum this year.

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

Baua Electric

Don’t underestimate the Volvo EX30’s small size. As the first EX30 models reach European buyers, Volvo sees it as a best-seller over the next few years. In June, Volvo unveiled its smallest and cheapest SUV, the EX30 ( see our revie w ). Volvo expects the EX30 to become “one of your best sellers in the coming years.”

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

Baua Electric

Volvo reached its highest-ever share of electrified vehicles as its new fully electric EX30 boosted EV sales in February. Although overall sales slid 2% last month, Volvo’s fully electric vehicle sales were up 14%, reaching a new record share. Fully electric cars also set a new record.

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

Baua Electric

The head of online business at Volvo Germany, Alex Zurhausen, says customers are waiting because they have “the right products at the right time.” Volvo’s new EVs see Ferrari-like wait times After unveiling the EX90 almost two years ago, Volvo’s flagship electric SUV is still in hot demand.

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