Volvo EV Market Overview

Volvo, the Sweden-based automaker majority-owned by China's Geely Holding, is expanding its electric vehicle lineup with the introduction of a new entry-level model of the EX30 in the UK Priced at around £32,850 (approximately $42,000), the Volvo EX30 is positioned as one of the most affordable EV options available In other news, Volvo Cars has reported a 6% increase in global sales for July, totaling 57,447 vehicles. This surge is largely attributed to a 40% increase in European sales, predominantly fueled by the high demand for fully electric vehicles However, sales in the United States and China experienced declines of 11% and 31%, respectively.