Volvo sold nearly 100,000 EX30 SUVs its first year and now it’s ready to take the US by storm

Despite its smaller size, Volvo’s cheapest electric SUV is already having a massive impact on sales. In 2024, its first year on the market, Volvo sold nearly 100,000 EX30 models. With deliveries now kicking off in the US, the EV is poised to see even more demand in 2025.

Volvo EX30 secures nearly 100,000 in sales in 2024

After delivering the first models in December 2023, Volvo anticipated its new lower-priced electric SUV would become one of its best sellers “in the coming years.” Well, it looks like that’s happening even sooner than expected, earning it the title of Electrek’s EV of the year in 2024.

Volvo announced this week that it set a new global sales record in 2024. With over 763,300 cars sold last year, Volvo’s volume was up 8% from 2023. The company reported “a significant increase in sales” for its electrified models.

In 2024, Volvo sold close to 352,800 electric vehicles (EVs) and plug-in hybrids (PHEVs), a 33% increase from the roughly 266,000 sold in the prior year.

Volvo’s fully electric cars carried the growth, with sales surging 54% last year. In total, Volvo sold 175,194 EVs globally in 2024.

The new EX30 contributed 98,065 to the sales total alone. Volvo calls the EX30 “a cornerstone” of its EV strategy. In August, the EX30 was already the second best-selling EV in Europe behind Tesla’s Model Y. On September 30, Volvo announced the 100,000th EX30 rolled off the assembly line as it rolled out to new markets.

Starting at around 36,000 euros ($37,000), Volvo’s compact electric SUV is one of the most affordable EVs in Europe.

Despite its lower price tag, the EX30 still offers the tech, safety, and premium feel expected from the Volvo brand. The interior still features Volvo’s signature Scandinavian design, with a 12.3″ tablet-style infotainment system (with built-in Google and wireless Apple CarPlay support) at the center of an otherwise minimalistic cabin.

With deliveries now kicking off in the US, Volvo’s most affordable EV is expected to see even more demand in 2025.

The EX30 is currently available in the Twin Motor configuration, starting at $46,195. Upgrading to the Ultra trim costs $47,895 and includes additional features like Park Pilot Assist, Pilot Assist, Lane Change Assist, and more. The AWD model provides an EPA-estimated range of up to 253 miles.

Volvo said the long-awaited $36,245 Single Motor configuration would be available in early 2025 with up to 275 miles range.

Electrek’s Take

Volvo’s early commitment to electrification is already paying off. After selling more vehicles than ever last year, can the company top it again this year?

With new EVs like the EX30, three-row EX90, and the premium EM90 minivan (in China), Volvo has laid the groundwork for another strong performance in 2025 as output ramps up.

Other legacy automakers, like Hyundai and Kia, also had a breakout year in 2024 with new EVs, like the three-row EV9 and IONIQ 5, seeing strong demand.

2025 is shaping up to be another massive year for electric vehicles, with new models arriving from nearly every company. What EV will come out on top this year?

As Electrek reported last month, the Volvo EX30 is arriving with up to $9,000 in discounts in the US, undercutting Tesla’s Model Y. If you’re ready to check out Volvo’s new electric SUV for yourself, we can help you get started. You can use our link to find the best deals on Volvo EX30 models in your area today.