LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

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

Robert Frost by Robert Frost
March 19, 2024
in Industries
Volvo’s new EVs are attracting Ferrari-like wait times because they are ‘the right products’
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Despite reports suggesting EV demand is cooling, Volvo’s new EVs, including the EX30 and EX90, are attracting Ferrari-like wait times. 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.

You might also like

Kia plans to build 100,000 EV2 and EV4 models a year, far more than expected

The Honda Prologue scored big in August with incentives of over $12,000

Oregon launches its first solar + storage DC fast charging station

Deemed “the safest vehicle” Volvo has ever made, customers continue waiting for the premium electric seven-seater. Volvo Cars CEO Jim Rowan announced EX90 production was being delayed last May due to the “complexity of the software code.”

When asked how the brand prevented customers from switching to other brands, Zurhausen told Automotive News Europe that Volvo has “the right products at the right time.”

With over 20 years of experience at Volvo, Zurhausen said these are some of the highest wait times he’s seen.

“When I started at Volvo it was written in stone that if you ordered a car in three months you got your car,” Volvo’s Europe online business leader said.

Volvo's-new-EVs-Ferrari-like
Volvo EX90 (Source: Volvo)

The EX90 isn’t the only one of Volvo’s new EVs attracting Ferrari-like wait times. In Germany, the wait time for Volvo’s most affordable EX30 is up to four months.

Volvo hit its highest-ever electrified vehicle sales share last month, primarily due to the new EX30 rolling out. Since launching in December, Volvo has sold 5,863 EX30 models through the first two months of 2024.

“It is an achievement that the brand has developed to the point where people are willing to wait that long for a Volvo,” Zurhause boasted, adding, “We’re not a Ferrari.”

Volvo's-new-EVs-Ferrari-like
Volvo EX30 (Source: Volvo)

Zurhause said Volvo’s business has never been better. Volvo set new global sales (+113,000 EVs) and revenue records last year. CEO Jim Rowan expects “tremendous growth” in 2024 as new EVs roll out.

Rowan highlighted Volvo’s pricing power: The EX30 starts at $34,950 in the US and €36,590 in Europe.

Volvo's-new-EVs-Ferrari-like
Volvo CEO Jim Rowan during the EX30 launch (Source: Volvo)

When asked about the reported EV slowdown, Rowan responded, “We are not seeing any order cancellations or any slowdown in order intake.”

Electrek’s Take

While several rivals, including Ford, GM, Mercedes-Benz, and others, are pushing back EV initiatives, Volvo is plowing ahead.

The EX30 is rolling out in Europe, Japan, and Brazil, with new markets coming soon. 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.

The extended range boasts up to 275 miles range, while the Performance is Volvo’s quickest EV, with a 0 to 60 mph sprint in 3.4 s. It’s expected to begin rolling out by this summer.

Volvo’s EX90 will start at $76,695 in the US. It will rival Rivian’s R1S, the seventh-best-selling EV in the US last year.

Volvo is also launching its first luxury electric minivan, the EM90, in China. The new electric models will help Volvo advance toward becoming an all-EV automaker by 2030.

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Germany getting ‘war ready’ by ordering US JASSM-ER long-range missiles amid Russia’s threat

Next Post

Euro tries to cut its losses today

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Kia plans to build 100,000 EV2 and EV4 models a year, far more than expected
Industries

Kia plans to build 100,000 EV2 and EV4 models a year, far more than expected

October 15, 2025
The Honda Prologue scored big in August with incentives of over ,000
Industries

The Honda Prologue scored big in August with incentives of over $12,000

October 15, 2025
Oregon launches its first solar + storage DC fast charging station
Industries

Oregon launches its first solar + storage DC fast charging station

October 15, 2025
Bluetti launches Pioneer Na(Sodium) station starting from exclusive 5, save ,116 on Tenways AGO X e-bike gear + battery bundle, more
Industries

Bluetti launches Pioneer Na(Sodium) station starting from exclusive $735, save $1,116 on Tenways AGO X e-bike gear + battery bundle, more

October 15, 2025
Next Post
Euro tries to cut its losses today

Euro tries to cut its losses today

Related News

What a ‘revenge tax’ in Trump’s spending bill could mean for investors

What a ‘revenge tax’ in Trump’s spending bill could mean for investors

June 8, 2025
Communication is now even more important to getting renewable projects off the ground, experts say

Communication is now even more important to getting renewable projects off the ground, experts say

March 14, 2025
New collectable 50p coin celebrating The Snowman is launched by Royal Mint

New collectable 50p coin celebrating The Snowman is launched by Royal Mint

October 23, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?