Volvo EX30 sparks growth in September as EV sales share nears 25%

Published

1 year ago

October 2, 2024

admin

Volvo’s cheapest electric SUV is proving to be the growth driver the brand hoped for. In September, the EX30 was the third best-selling Volvo model as EVs approached a quarter of global sales.

Volvo EX30 drives EV sales growth in September

Volvo sold 62,458 vehicles globally in September, an increase of 1% from last year. Despite a “volatile and uncertain market,” Volvo’s deputy CEO Björn Annwall said the company remains encouraged by its solid performance in Europe.

In Europe, Volvo’s sales reached 31,276 last month, up 32% compared to September 2023. Annwall said the sales growth was “spearheaded by the EX30.”

The low-cost electric SUV continues building momentum after the EX30 surged to become Europe’s second best-selling EV in August.

Starting at around $40,000 (30,000 euros) in Europe, the EX30 is Volvo’s cheapest and smallest electric SUV.

Volvo sold 9,610 EX30 models in September, its third best-selling vehicle behind the XC60 (18,096) and XC40/EX40 (13,930). The compact electric SUV pushed Volvo’s EV share of total sales to 24% for the month.

Volvo-EX30-EV-sales — Volvo EX30 (Source: Volvo)

Despite the success in Europe, Volvo’s sales fell 22% (8,518) in the US last month and 16% in China (12,915).

Volvo’s electric vehicle sales fell 41% in the US last month and are down 65% through the first nine months of 2024.

Volvo-EX30-EV-sales-September — Volvo EX30 Cloud Blue and Vapour Grey (Source: Volvo)

In China, EV sales slipped 8% in September but are still up 17% year-to-date. Volvo launched the EX30 in China in May, starting at roughly $28,000 (200,800 yuan). It also launched its first luxury electric minivan, the EM90, in China, starting at about $114,000 (818,000 yuan).

Electrek’s Take

Volvo expects sales to turn around with new EVs launching in the US and China. The EX30 is scheduled to arrive in the US later next year. Starting at $34,950, the electric SUV will be among the most affordable EV options in the US.

Volvo is also launching its first three-row electric SUV, the EX90, in the US (check out our review of it here).

The luxury 7-seater SUV starts at $79,995 and has a range of up to 310 miles. With two new electric SUVs in high-demand segments, Volvo is poised to turn things around in the US.

In China, Volvo is also targeting high-growth markets with the lower-cost EX30 and premium EM90 minivan rolling out.

After the 100,000th EX30 model rolled off the production line this week, Volvo will carry the momentum into 2025 with plans to begin producing the low-cost EV in Belgium. The European-made model will be exported to the US to avoid tariffs new tariffs on Chinese EV imports.

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

Environment

Trump admin OKs $1B loan for Three Mile Island nuclear reboot

Published

4 hours ago

November 18, 2025

admin

Three Mile Island loan — By Constellation Energy – CC BY-SA 4.0

The US Department of Energy’s Loan Programs Office (LPO) closed a $1 billion loan to restart Three Mile Island Unit 1, a nuclear reactor at Three Mile Island in Londonderry Township, Pennsylvania.

The money is being loaned to Constellation Energy Generation, which is renaming the 835 megawatt (MW) Three Mile Island Unit 1 the Crane Clean Energy Center. Constellation said in September 2024 that it would restart the reactor under a power purchase agreement with Microsoft, which needs more clean power to feed its growing data-center demand.

The project is estimated to cost around $1.6 billion, and the DOE says the project will create around 600 jobs. The reactor is expected to start generating power again in 2027.

Three Mile Island Unit 1 (in the foreground in the photo above) went offline in 2019 because it could no longer compete with cheaper natural gas, but it wasn’t decommissioned. It’s capable of powering the equivalent of approximately 800,000 homes. It’s on the same site as the Unit 2 reactor (in the background in the photo above) that went into partial nuclear meltdown in 1979, and is known as the worst commercial nuclear accident in US history.

Advertisement – scroll for more content

When asked about the loan’s timing, Greg Beard, senior adviser to the Loan Programs Office, told reporters on a call that it would “lower the cost of capital and make power cheaper for those PJM [Pennsylvania-New Jersey-Maryland] ratepayers.” Data centers are driving up electricity costs for consumers.

If you’re looking to replace your old HVAC equipment, it’s always a good idea to get quotes from a few installers. To make sure you’re finding a trusted, reliable HVAC installer near you that offers competitive pricing on heat pumps, check out EnergySage. EnergySage is a free service that makes it easy for you to get a heat pump. They have pre-vetted heat pump installers competing for your business, ensuring you get high quality solutions. Plus, it’s free to use!

Your personalized heat pump quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. – *ad

Add Electrek as a preferred source on Google

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

Environment

Ford opens orders for the electric Bronco in China, starting at under $33,000

Published

5 hours ago

November 18, 2025

admin

Ford opens orders for the electric Bronco in China, starting at under ,000

An affordable Bronco EV? Not for those in the US. Ford opened orders for the electric Bronco in China, starting at under $33,000.

Ford Bronco electric pre-orders open at under $33,000

Ford announced the All-Wheel Drive electric SUV is officially open for pre-sale on Tuesday, starting at RMB 229,800 ($32,300).

The electric Bronco is available in pure electric (EV) and extended range electric vehicle (EREV) options. It’s offered in three variants, priced from RMB 229,800 ($32,300) to RMB 272,800 ($38,400).

All models are All Wheel Drive, while the pure electric version costs an extra 10,000 yuan ($1,400). Ford is offering pre-sale buyers some pretty sweet benefits, including a camping experience package (with an added roof tent), a Mountain Kitchen Multi-Function Tailgate gift, an overnight stay package (for your vehicle), and more.

Advertisement – scroll for more content

The electric Ford Bronco is about the same size as the standard 4-door version sold in the US at 5,025 mm long, 1,960 mm wide, and 1,815 mm tall.

Although it may look the same, the EV version draws power from a 105.4 kWh LFP battery pack from BYD’s FinFreams, providing up to 650 km (404 miles) CLTC driving range.

It’s equipped with two electric motors, one in the front and the other in the rear, producing a combined 445 horsepower (332 kW).

The EREV version combines a 43.7 kWh battery with a 1.5T engine, delivering a pure-electric range of 220 km (137 miles) and a combined CLTC driving range of 1,220 km (758 miles).

Some of the higher trims feature Ford’s Fuyu ADAS system, developed exclusively for buyers in China with a roof-mounted LiDAR and over 30 sensors and cameras. It even features a cool “off-road logbook” that shows drivers over 20 popular routes across China.

The interior is custom-tailored for Chinese buyers with a 15.6″ central infotainment and a smaller driver display screen. It also offers a massive 70″ AR head-up display (HUD).

Unlike the Ford vehicles we’re accustomed to seeing, the electric Bronco includes a 7.5L refrigerator in the center console.

The AWD electric SUV is coming at a critical time as Ford aims to revamp its business in China. Ford is working with local partners on new technologies, designs, and powertrain ideas for global markets.

Ford’s sales in China are down by over 14% through October this year, but new electrified vehicles, including the Bronco, are expected to help turn things around. Ford’s lineup in China mainly consists of gas-powered vehicles, which have quickly fallen out of favor with buyers shifting to more advanced, more efficient, and often lower-priced domestic EVs.

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

Environment

Trump administration backs Three Mile Island nuclear restart with $1 billion loan to Constellation

Published

5 hours ago

November 18, 2025

admin

The cooling towers of the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024.

Danielle DeVries | CNBC

The Trump administration will provide Constellation Energy with a $1 billion loan to restart the Crane Clean Energy Center nuclear plant in Pennsylvania, Department of Energy officials said Tuesday.

Previously known as Three Mile Island Unit 1, the plant is expected to start generating power again in 2027. Constellation unveiled plans to rename and restart the reactor in Sept. 2024 through a power purchase agreement with Microsoft to support the tech company’s data center demand in the region.

Three Mile Island Unit 1 ceased operations in 2019, one of a dozen reactors that closed in recent years as nuclear struggled to compete against cheap natural gas. It sits on the same site as Three Mile Island Unit 2, the reactor that partially melted down in 1979 in the worst nuclear accident in U.S. history.

The loan would cover the majority to the project’s estimated cost of $1.6 billion. The first advance to Constellation is expected in the first quarter of 2026, said Greg Beard, senior advisor to the Energy Department’s Loan Programs Office, in a call with reporters. The loan comes with a guarantee from Constellation that it will protect taxpayer money, Beard said.

Constellation’s stock was up more than 2% in after hours trading on Tuesday.

The control panel in the main control room of the Three Mile Island Nuclear power plant is seen on Oct. 30, 2024 in Middletown, Pennsylvania, U.S.

Danielle DeVries | CNBC

CEO Joe Dominguez hinted at federal financial support previously, telling investors in Sept. 2024 that Constellation would “take a look as we finance the project at loan guarantees and other things that will be available.” Constellation is the largest operator of nuclear plants in the U.S.

When asked why Constellation was receiving the loan now, Beard said Tuesday that Constellation could have completed the project without help from the Energy Department. But the loan will help make electricity cheaper for consumers on the grid operated by PJM Interconnection, which serves more than 65 million people across 13 states, Beard said.

“What’s important for the administration is to show support for affordable, reliable, secure energy in the U.S.,” Beard told reporters. “This loan to Constellation will lower the cost of capital and make power cheaper for those PJM ratepayers.”

Electricity prices

Energy Secretary Chris Wright said last week that his department’s loan office would use most of its money to support the nuclear industry. President Donald Trump signed four executive orders in May that aim to significantly expand new nuclear capacity.

Consumers in many states in the PJM region are facing significant electricity price increases as the rapid increase in demand from artificial intelligence data centers outstrips available supply.

“We want to bring as much net addition of dispatchable, reliable electricity onto the grid to stop these price rises in electricity,” Wright told reporters on Tuesday.

The turbine deck of the Three Mile Island Nuclear power plant is seen on Oct. 30, 2024 in Middletown, Pennsylvania, U.S.

Danielle DeVries | CNBC

The Crane Clean Energy Center is one of three shuttered nuclear plants in the U.S. that are aiming to start generating power again this decade subject to approval by the Nuclear Regulatory Commission. Crane had the capacity to power more than 800,000 homes when it closed in 2019, according to Constellation.

The Energy Department is supporting the restart of the Palisades nuclear plant in Michigan with a $1.5 billion loan to Holtec International. NextEra Energy announced in October plans to restart the Duane Arnold nuclear plant in Iowa through an agreement Alphabet‘s Google Unit.

When asked whether NextEra will receive a loan for Duane Arnold, Beard told CNBC that Trump’s executive orders direct the Energy Department to “prioritize the restart of nuclear reactors.”