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Don’t underestimate the Volvo EX30’s small size. As the first EX30 models reach European buyers, Volvo sees it as a best-seller over the next few years.

In June, Volvo unveiled its smallest and cheapest SUV, the EX30 (see our review). The Swedish automaker calls the electric SUV a “cornerstone” of its EV plans.

Starting at $34,950 (36,000 euros), it will be one of the most affordable electric cars on the market. With “above-expected order rates,” Volvo will build the EX30 at its Ghent, Belgium plant (in addition to China) to meet the growing demand in Europe for low-cost EVS.

Although EU production isn’t expected to begin until 2025, Volvo revealed the first EX30 models were handed over to customers last month.

In December, Volvo began deliveries in Belgium, The Netherlands, Spain, and Portugal in one of the most highly anticipated EV rollouts.

The company said the first EX30 deliveries mark a “significant milestone” in the company’s growth and EV strategies. Volvo expects the EX30 to become “one of your best sellers in the coming years.”

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Volvo EX30 (Source: Volvo Cars)

Volvo expects the EX30 to become a best-seller.

With “above-expected order rates,” the EX30 is drawing significant attention. Despite a slowdown in December, Volvo hit a new sales record in 2023. Volvo’s EV sales were up 70% last year, with over 113K purely electric vehicles sold.

Volvo’s EVs accounted for 16% of total sales, up from 10.9% in 2022. However, Volvo expects to turn things up this year with a full year of EX30 sales.

CEO Jim Rowan said he expects “reasonably decent volumes” in 2024 with new models launching in key segments.

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Volvo CEO Jim Rowan during the EX30 launch (Source: Volvo Cars)

Volvo’s first three-row electric SUV, the EX90, will go on sale soon. It will start at $76,695 in the US as a direct rival to the Rivian R1S and Mercedes EQS.

In China, Volvo is also launching its first electric minivan, the EM90. The EV minivan features a “Scandinavian living room” and up to 450 mi CLTC range.

Rowan confirmed the company is “not seeing any order cancellations or any slowdown in order intake” last month when asked about the “reported slowdown.”

Volvo-EX90
Volvo EX90 (Source: Volvo)

Volvo Car USA spokesperson Russell Datz told Electrek Volvo EX30 deliveries are still on track to begin in the US this summer.

The electric SUV will be available in two powertrains: Single Motor Extended Range and Twin Motor Performance. The extended range model features up to 275 miles range while the Performance variant gets 265 miles.

Meanwhile, with 422 hp and 400 lb-ft of torque, the performance version is Volvo’s quickest car yet. It can go from 0 to 60 mph in 3.4 seconds.

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Volvo EX30 (Source: Volvo Cars)

You can learn more about the EX30 and reserve your model on Volvo’s website. Volvo says a dealer will help finalize the process ahead of deliveries.

Electrek’s Take

Volvo is launching the EX30 at the perfect time. Demand for affordable electric cars continues building.

In the US, two of the cheapest EVs, the Chevy Bolt and Nissan LEAF, are due for replacements. GM already stopped building the low-cost Bolt at the end of 2023 (although you can still get it for under $20K while in stock).

The Bolt EVs replacement isn’t due out until next year, giving the EX30 a full sales year to get ahead.

The same situation is happening in Europe. Several automakers are targetting the low-cost EV market, including Stellantis with the Citroen e-C3. The electric car starts at around 23,000 euros (24,500) as one of Europe’s most affordable EVs.

Volkswagen also plans to launch its $27,000 (25,000 euro) EV, the ID 2all. However, a recent local media report suggests VW may delay ID 2all volume production by another year, giving Volvo a bigger window to expand.

What do you guys think? Will the Volvo EX30 become a best-seller? Let us know what you think in the comments.

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Toyota says RAV4 is ‘100% electrified’ in 2026, but every one has a gas engine

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Toyota says RAV4 is '100% electrified' in 2026, but every one has a gas engine

Toyota USA has refreshed its RAV4 for 2026, and, in a significant step forward for efficiency, Toyota has axed the non-hybrid version of the vehicle. The RAV4 will now only be available in HEV and PHEV versions starting in the 2026 model year.

However, in an act of greenwashing reminiscent of many things Toyota has done before, it’s confusingly calling its vehicles “100% electrified” – despite that every single RAV4 includes a gas engine.

The improvements include new looks and trim lines, including an outdoorsy Woodland model (like the bZ just got) and a higher-performance “GR SPORT” model (though, we must remind everyone, that SUVs are not sportscars and will never be sportscars), and higher power from both PHEV and HEV models.

The PHEV model also boasts improved range, bumped from 42 miles to 50 miles – still lower than we’d typically consider worthy of coverage on Electrek, but the number is at least usable to keep the average driver on electric power for most of their daily driving (if they bother to plug it in).

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Some trims will have DC fast charging, and you’ll be able to charge from 10-80% in 30 minutes.

Notably, the RAV4 no longer includes any option for a non-hybrid powertrain. All trims are either hybrid or plug-in hybrid. Previously, it had been anticipated that an EV model might join the lineup, but it looks like Toyota is just sticking with the newly-renamed bZ model for that purpose.

Toyota calls its new RAV4 options “highly efficient electrified powertrains,” but did not specify anticipated EPA mileage numbers for the HEV model, or for the PHEV when operating on gas power. The current RAV4 hybrid gets 39mpg (that’s about 10mpg better than the non-hybrid), and we would imagine something in that ballpark for the updated model.

The 2026 RAV4 will be available in Toyota dealerships across the US “later this year.” Pricing has not yet been announced.

Electrek’s Take

But the real issue here is the use of the word “electrified,” and specifically, “100% electrified.”

Toyota has a long history of deceptive advertising when it comes to its electrification efforts. Its lies have gotten it in trouble before, both in Norway and in the US.

Toyota is also the largest auto industry funder of climate denial, and has consistently ranked as the worst auto industry lobbyist on climate policy worldwide.

So its use of the word “electrified” should be looked at with some skepticism, since the company has used it before to confuse consumers into thinking that its vehicles are more efficient than they really are. For some previous coverage on that, see the FTC complaint filed against Toyota over its false electrification claims.

In this case, Toyota has upped the ante, not just claiming that its vehicles are electrified, but “100% electrified.”

There are a lot of terms that get used confusingly in the EV industry, oftentimes purposefully, in order to greenwash companies’ efforts. EV, PHEV, EREV, FCEV, HEV, BEV, electrified, all-electric, and so on.

But one thing that has heretofore been reserved for models that do not include a gasoline engine is any variation on “all-electric,” “100% electric,” “fully electric” or the like.

So, moving from “electrified” to “100% electrified” certainly seems like intentional phrasing by Toyota here. “Electrified” was already questionable, but “100% electrified” is well over the line.

So despite that we should be happy about a step-change improvement in powertrain availability on the RAV4, and the elimination of the non-hybrid model, Toyota just had to play one of its tricks and remind us why they’re the greatest enemy of electrification in the auto industry (well… save one).


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Elon Musk says AI could run into power capacity issues by middle of next year

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Elon Musk says AI could run into power capacity issues by middle of next year

Elon Musk interviews on CNBC from the Tesla Headquarters in Texas.

CNBC

Elon Musk said Tuesday that artificial intelligence development could run into power generation problems by the middle of next year, as the technology industry builds increasingly large data centers.

Musk told CNBC in an interview that his artificial intelligence startup xAI is planning a gigawatt-size facility outside Memphis, Tenn. He said the facility would be complete in six to nine months. A gigawatt is equivalent to the power capacity of the average nuclear plant in the U.S., according to the Department of Energy.

Musk said AI faces three major limitations as it scales up: chips, transformers and power generation. Transformers are used to ramp down the voltage of electricity produced by power plants so it can used by computers.

“As we solve the transformer shortage, there will be the fundamental electricity generation shortage,” Musk told CNBC’s David Faber. “My guess is people are going to start hitting challenges with power generation maybe by the middle of next year, end of next year.”

Watch part 2 of CNBC's interview with Tesla CEO Elon Musk

Alphabet’s Google unit warned in February that the U.S. is facing a power capacity crisis as the U.S. races against China to achieve dominance in AI. Google started looking into nuclear energy after realizing renewables were potentially causing instability on the grid, said Caroline Golin, Google’s global head of energy market development. The output of wind and solar is dependent on weather conditions.

Google ran into a “very stark reality that we didn’t have enough capacity on the system to power our data centers in the short term and then potentially in the long term,” Golin said at a February conference hosted by the Nuclear Energy Institute in New York City.

Musk said Tuesday that China is building significantly more power generation than U.S. “China power generation looks like a rocket going to orbit and U.S. power generation is flat,” the Tesla CEO said.

Musk’s xAI is using natural gas turbines to help power its Colossus data center in Memphis. Environmental advocates have accused xAI of violating the Clean Air Act and permitting requirements for “major sources of air pollution” by using gas turbines without mitigation technologies or permits in place.

Utilities such as Dominion Energy told investors on recent earnings calls that they are not seeing evidence of slowing data center demand, despite anxiety in the market that the tech sector might cut back on concerns about of a possible recession. Dominion serves the largest data center market in the world located in northern Virginia.

But Constellation Energy cautioned that although demand is strong, some of the forecasts by utilities are overstated as developers shop their data centers in multiple jurisdictions. Constellation is the largest operator of nuclear plants in the U.S.

“I just have to tell you, folks, I think the load is being overstated,” CEO Joe Dominguez said on the power company’s first quarter earnings call. “We need to pump the brakes here.”

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Hyundai is temporarily halting IONIQ 5 and Kona EV production in Korea

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Hyundai is temporarily halting IONIQ 5 and Kona EV production in Korea

Hyundai is shutting down a production line at its Ulsan plant in Korea, where the IONIQ 5 and Kona EV are built. Although it’s only for a few days, the move comes as the automaker faces slower exports.

Why is Hyundai pausing EV production in Korea?

For the third time this year, Hyundai is planning to pause production of some of its most popular EV models in Korea.

Industry sources said on May 20 (via Newsis) that Hyundai will shut down Line 2 at its Ulsan plant in Korea, where it builds the IONIQ 5 and Kona Electric. The pause will start on May 27 and end on May 30.

Despite launching a new discount campaign in Korea earlier this month, offering over $4,300 (6 million won) in savings on the IONIQ 5, sales are still lagging. In particular, Hyundai has exported significantly fewer IONIQ 5 models this year.

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Through April, Hyundai exported just 9,663 IONIQ 5s, down from 27,476 sold overseas in the same period last year.

Kona EV exports have also fallen sharply. Through April 2025, Hyundai shipped just 3,428 Kona EV models, down 42% from nearly 6,000 last year.

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Hyundai IONIQ 5 refresh in Korea (Source: Hyundai)

According to the report, Hyundai said in an internal note, “The sluggish sales in the global electric vehicle market have not improved,” adding, “We have made every effort to secure additional orders, but we are currently unable to secure the quantity.”

Following a temporary halt in February and April, this will be Hyundai’s third time pausing EV production in Korea this year.

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Hyundai Kona Electric N Line (Source: Hyundai)

In a turn of events, Hyundai’s joint venture in China, Beijing Hyundai, announced losses improved by over 100 million won ($72 million) in Q1. With its first custom-tailored electric SUV launching in China later this year, Beijing Hyundai could turn a profit by the end of 2025.

The Korean automaker reported its seventh consecutive record sales month in the US. The IONIQ 5 remains a top seller with over 12,000 units sold through April, up 14% from last year.

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Hyundai IONIQ 9 three-row electric SUV (Source: Hyundai)

IONIQ 6 sales, on the other hand, are down 10% this year, with 4,424 sold through April, and Hyundai doesn’t give a breakdown for Kona EV sales.

Hyundai is also offering generous discounts in the US right now with up to $12,500 in upfront savings on the new three-row IONIQ 9. The 2025 IONIQ 5 is a steal with leases starting at just $209 per month.

Ready to try out Hyundai’s electric vehicles for yourself? We’ve got you covered. You can use our links below to find popular Hyundai EV models in your area.

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