On December 14, according to foreign media, although the automotive industry felt that the sales of electric vehicles were slowing down, Volvo Cars CEO Jim Rowan said that Volvo did not see any order cancellations or slowing down in order volume.
Rowan said the company is prepared for a slowdown in potential demand, "but that's not the case right now, with strong orders for the C40 and EX30." Rowan believes that Volvo is on its way forward and is on track to achieve its goal of being fully electric by 2030.
Volvo is one of the first automakers in the world to announce that it will fully electrify by 2030. This commitment is paying dividends for Volvo. Volvo expects "strong double-digit growth" in sales for the full year. Growing demand for electric vehicles, such as the C40 compact SUV and the all-new EX30 crossover, offers hope that Volvo will achieve its goals.
Rowan said he expects the EX30 to generate "sizable sales" for Volvo next year. The model is aimed at a younger group of buyers, and Volvo hopes to expand its brand presence.
It is reported that Volvo will also launch its flagship EX90, which is a high-end three-row electric SUV with a range of up to 300 inches. The Volvo EX90 is expected to go on sale in the U.S. next year, with a starting price of less than $7$70,000.
By 2025, Volvo expects to sell 1.2 million vehicles, half of which will be fully electric, moving towards its goal of becoming a BEV manufacturer. 