Volvo closes flagship EX90 SUV orders as EV sales reach 18% in Q1
Volvo Cars started the year on a high note as electric vehicle sales expanded 157% in the first three months of 2023, accounting for nearly one in every five cars sold. After an overwhelmingly positive response, Volvo says it was forced to close orders for its new flagship EX90 SUV due to the model year selling out.
As one of the fastest-transforming automakers going electric, Volvo is leading the way toward a sustainable future.
Volvo’s commitment to a cleaner future is paying off. In the first three months of the year, the automaker sold over 30,000 battery electric vehicles (BEVs), representing 18% of its total car sales. In comparison, Volvo’s EV sales accounted for only 8% in the first quarter of 2022.
Electric vehicle sales grew by 157% in Q1 on the heels of two models – the XC40 and the C40 Recharge. XC40 BEV sales surpassed 21,100, compared to 8,100 last year, while C40 sales reached 9,000, up from 3,600 in Q1 2022.
Despite economic headwinds, Volvo remains confident in becoming an all-electric automaker by 2030. The automaker plans to release at least one new EV each year until mid-decade, starting with the EX90.
Volvo closes EX90 SUV orders after selling out
After officially releasing its flagship SUV last November, deemed “the safest vehicle it has ever produced,” Volvo says it had to close EX90 orders due to the model selling out.
Jim Rowan, CEO of Volvo Cars, explained in the company’s first-quarter earnings release why its closing EX90 orders:
I feel proud that the customer response to that car has surpassed our boldest and most ambitious ambitious internal projections. As a result, we have now had to close the order book for the time being because the model year is sold out.
He added that Volvo will open orders for the EX90 again soon. Meanwhile, Volvo is preparing for a big year with another new launch, a new fully electric small SUV, which it will introduce in a few months.
Rowan recently said the new smaller SUV would be aimed at attracting younger buyers with an entry-level price point, bold exterior design, and digital experience.
Volvo’s upcoming smaller SUV will reportedly ride on Geely’s premium SEA architecture, the same used for the upcoming Polestar 4.
Electrek’s Take
Volvo is charging ahead, showing how a legacy automaker can transition to a fully electric future. The automaker aims for a 50% fully electric sales share by 2025 as it works towards a full EV lineup by 2030.
The timeline is well ahead of most legacy automakers. For example, Ford and GM are aiming for around a 50% EV share by then while Kia, Honda, Toyota, and others are even lower.
Several automakers, including Kia, Honda, and Toyota, have recently raised their EV production and sales targets to keep up in the rapidly evolving auto market.
Volvo is demonstrating how the transition should be done. Stay tuned for more on the automaker’s smallest and cheapest EV, due out this summer.
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With new models rolling out from General Motors, Porsche, Honda, and several others, US EV sales increased by over 10% in the first three months of 2025. Nearly 300,000 EVs were sold in the first quarter of 2025. These were the top-selling models.
New EVs drive US sales growth in Q1 2025
Electric vehicle sales showed mixed results in the first quarter. Although Tesla is the center of attention as it continues to lose market share, several new EV models made an impressive debut.
With over 30,000 EVs sold in the first quarter, more than double the number sold last year, GM surpassed Ford and Hyundai Motor, placing second behind Tesla. GM’s Chevy is now the fastest-growing EV brand in the US, with the new electric Equinox, Blazer, and Silverado arriving.
GM sold 10,329 Chevy Equinox, 6,187 Blazer, and another 2,383 Silverado EVs in Q1. Thanks to its partnership with GM, Honda had an impressive sales quarter, selling over 14,000 EVs, including its luxury Acura brand.
The Prologue SUV remained one of the top-sellers with 9,561 units sold in the first quarter, while the Acura ZDX added another 4,813.
According to Cox Automotive, Honda led EV sales growth for new entrants in Q1, followed by Acura, Jeep, and Dodge.
Jeep sold 2,595 Wagoneer S models during the quarter, its first electric SUV sold in the US. Dodge, another Stellantis-owned brand, sold 1,947 Charger EVs, or what it calls the world’s first electric muscle car.
Although Chevy’s Equinox EV made a statement in Q1, Ford’s Mustang Mach-E remained the top-selling non-Tesla with 11,607 models sold.
| Rank | EV model | Q1 2025 sales |
| 1 | Tesla Model Y | 64,051 |
| 2 | Tesla Model 3 | 52,520 |
| 3 | Ford Mustang Mach-E | 11,607 |
| 4 | Chevrolet Equinox EV | 10,329 |
| 5 | Honda Prologue | 9,561 |
| 6 | Hyundai IONIQ 5 | 8,611 |
| 7 | Volkswagen ID.4 | 7,663 |
| 8 | Ford F-150 Lightning | 7,187 |
| 9 | BMW i4 | 7,125 |
| 10 | Tesla Cybertruck | 6,406 |
After introducing the upgraded 2025 IONIQ 5 (which now has even more range and an NACS charging port), Hyundai sold 8,611 electric SUVs in Q1, an increase of 26% from last year.
Porsche had the highest EV sales volume growth after launching the electric Macan. With 3,339 units added, the Macan EV made up for Porsche Taycan sales falling 18% to just 1,019.
As Cox Automotive Analyst Stephanie Valdez Streaty noted, “The year certainly started strong, but the road ahead will be anything but smooth.”
Trump ending federal incentives and introducing new tariffs will “pose a monumental challenge for many automakers,” according to Valdez Streaty. Despite several new models arriving and significant incentives being offered (at least for now), the rest of 2025 “will likely be a volatile one for EV sales in the US.”
Ready to score some savings while they are still here? We can help you get started. You can use our links below to find deals on the top-selling EVs in your area.
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![Electric concrete pump truck can drive 30 miles, pump 65 cubic yards [video]](https://i0.wp.com/electrek.co/wp-content/uploads/sites/3/2025/04/putzmeister_electric-pump.jpg?resize=1200,628&quality=82&strip=all&ssl=1)
Based on a capable Volvo FM Electric 8×4 chassis, Putzmeister revealed one of the world’s largest all electric concrete pump trucks at the bauma equipment expo in Munich, Germany this week. The zero-emission concrete pumper can up to 50 km and pump approximately 50 cubic meters of concrete on a single charge.
50 km (a little over 30 miles) and 50 cubic meters (about 65 cubic yards) may not seem like impressive numbers, but consider this: a single cubic yard of concrete weighs a little over 4,000 lbs. (2 tons). A bit of simple math later, and you’ve got a quiet, vibration-free machine blasting (65 cu. yds ×4,100 lbs./yd = 266,500 lbs.) of construction material nearly 140 feet (42 meters) in the air.
That’s over 130 tons of construction material moved a really long way, and that’s (of course) without the use of diesel or gas.
“Volvo Trucks is the innovator when it comes to new technologies in combination with electric trucks. After presenting electric concrete mixers and heavy applications for mining, we are proud to show yet another world-class innovation for the construction segment here at bauma,” says Christoph Fitz, Head of Sales at Volvo Trucks in Germany. “With this electric pump truck, customers can have a zero-exhaust emission solution, low-noise operation and an efficient process thanks to the work-while-charging capacity.”
The Volvo FM Electric-based concrete pump is motivated by a pair of electric motors developing a continuous 330 kW (442 hp) of output through the company’s proprietary I-Shift gearbox. The truck’s four battery packs add up to 360 kWh of capacity, which can DC fast charge at speeds up to 250 kW or operate continuously (pumping even more material) with grid power or PU500 remote power connection.
Electrek’s Take
There will surely be a few nay-sayers who’ll try to cite the relatively short-sounding range of trucks like this, or the 100-ton Tadano mobile electric crane, but the range is typically more than enough to operate in urban environments and motivate the asset across even the largest job sites. Additionally, the ability to plug in to grid power and operate 24/7 makes all of that quieter, safer, cleaner … and moot.
SOURCES | IMAGES: Putzmeister; Volvo Trucks.
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This week on Electrek’s Wheel-E podcast, we discuss the most popular news stories from the world of electric bikes and other nontraditional electric vehicles. This time, that includes an analysis of how the Trump tariffs will affect e-bike pricing in the US, USB-C chargeable e-bikes launched by Ampler, Specialized e-bike recall, Juiced Bikes revived as a brand, kayak camping with the JackRabbit XG Pro, Walkcar’s new device that does the walking for you, and more.
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