Volvo's Solution to EV Sales Decline
Volvo's transition to an all-electric car brand has slowed, according to its Australian boss, but is expected to boom with the arrival of the EX60 mid-sized SUV next year.
The delayed arrival of the EX60 and limited stock of the EX90 seven-seater have contributed to a decline in electric-vehicle sales in 2025, says Volvo.
- In 2024, 43% of Volvo sales in Australia were electric vehicles (approximately 3830 sales).
- In 2023, 12% of Volvo sales in Australia were electric vehicles (approximately 1330 sales).
- The 2025 share is expected to be around 40%, according to Volvo Car Australia managing director Stephen Connor.
Volvo sales are down 21% year-to-date at the end of September, following a 20% slump at the end of 2024.
Volvo expects its EV sales to boom next year with the EX60.
Author's summary: Volvo expects EX60 to boost EV sales.
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