Despite its smaller size, Volvo’s cheapest electric SUV is already having a massive impact on sales. In 2024, its first year on the market, Volvo sold nearly 100,000 EX30 models. With deliveries now kicking off in the US, the EV is poised to see even more demand in 2025.
Volvo EX30 secures nearly 100,000 in sales in 2024
After delivering the first models in December 2023, Volvo anticipated its new lower-priced electric SUV would become one of its best sellers “in the coming years.” Well, it looks like that’s happening even sooner than expected, earning it the title of Electrek’s EV of the year in 2024.
Volvo announced this week that it set a new global sales record in 2024. With over 763,300 cars sold last year, Volvo’s volume was up 8% from 2023. The company reported “a significant increase in sales” for its electrified models.
In 2024, Volvo sold close to 352,800 electric vehicles (EVs) and plug-in hybrids (PHEVs), a 33% increase from the roughly 266,000 sold in the prior year.
Volvo’s fully electric cars carried the growth, with sales surging 54% last year. In total, Volvo sold 175,194 EVs globally in 2024.
The new EX30 contributed 98,065 to the sales total alone. Volvo calls the EX30 “a cornerstone” of its EV strategy. In August, the EX30 was already the second best-selling EV in Europe behind Tesla’s Model Y. On September 30, Volvo announced the 100,000th EX30 rolled off the assembly line as it rolled out to new markets.
Starting at around 36,000 euros ($37,000), Volvo’s compact electric SUV is one of the most affordable EVs in Europe.
Despite its lower price tag, the EX30 still offers the tech, safety, and premium feel expected from the Volvo brand. The interior still features Volvo’s signature Scandinavian design, with a 12.3″ tablet-style infotainment system (with built-in Google and wireless Apple CarPlay support) at the center of an otherwise minimalistic cabin.
With deliveries now kicking off in the US, Volvo’s most affordable EV is expected to see even more demand in 2025.
The EX30 is currently available in the Twin Motor configuration, starting at $46,195. Upgrading to the Ultra trim costs $47,895 and includes additional features like Park Pilot Assist, Pilot Assist, Lane Change Assist, and more. The AWD model provides an EPA-estimated range of up to 253 miles.
Volvo said the long-awaited $36,245 Single Motor configuration would be available in early 2025 with up to 275 miles range.
Electrek’s Take
Volvo’s early commitment to electrification is already paying off. After selling more vehicles than ever last year, can the company top it again this year?
With new EVs like the EX30, three-row EX90, and the premium EM90 minivan (in China), Volvo has laid the groundwork for another strong performance in 2025 as output ramps up.
Other legacy automakers, like Hyundai and Kia, also had a breakout year in 2024 with new EVs, like the three-row EV9 and IONIQ 5, seeing strong demand.
2025 is shaping up to be another massive year for electric vehicles, with new models arriving from nearly every company. What EV will come out on top this year?
The IONIQ 5 N is the fastest Hyundai ever made, electric or gas-powered. The sporty electric car is so good that it’s now drawing the attention of some of the industry’s finest. Hyundai’s EV sports car was recently spotted outside a Lamborghini test facility. Check out the video below.
Hyundai’s EV sports car caught at a Lamborghini test site
As the first EV to wear its “N” badge, Hyundai aimed to set the bar even higher. And that it did. The IONIQ 5 N is not only the most powerful Hyundai, it’s also the most fun to drive with a series of track-ready features.
Based on its advanced E-GMP platform, Hyundai’s electric sports car delivers up to 641 hp. That’s when using its N Grin boost feature, which gives you a 10-second power surge.
When on the track, N Launch control enables you to adjust to different road conditions for the perfect takeoff. Other features, like N e-Shift, simulate an 8-speed N Dual Clutch Transmission, making it feel like you’re in a true race car.
With N Active Sound+, you cannot only feel the performance but also hear it. Eight internal and two external features sync to your vehicle’s performance.
Hyundai’s EV sports car is apparently good enough to attract Lamborghini’s attention. A Hyundai IONIQ 5 N model was recently spotted leaving Lamborghini’s test facility.
The video from YouTuber Varryx shows a Lamborghini test driver leaving the “Porta Sud,” suggesting the sports car maker could be benchmarking Hyundai’s EV.
Lamborghini unveiled the Lanzador in 2023, its first fully electric vehicle. The concept introduces a new high-ground-clearance GT with 2+2 seating. Or, in other words, like a supercar sitting on an SUV. It’s expected to launch in 2029.
Hyundai’s IONIQ 5 N already beat a Lamborghini Urus Performante in a drag race (see the video here), so it’s no wonder the Italian sports car maker is taking notes.
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The board of directors of the troubled hydrogen fuel cell maker has voted to dissolve the company that developed the first HFC garbage truck to North America last spring, pending shareholder approval.
After a promising global start that saw the American startup announce pilot programs that would see its hydrogen fuel cells put to work in transit buses in Brisbane, its tow trucks (above) in Victoria, and five 154-ton severe duty trucks scheduled to service a zinc refinery operation in north Queensland, slow sales and an inability to deliver on its ambitious goals saw the company quit Australia in July.
Now, Hyzon is quitting altogether.
After issuing a WARN letter to employees in December announcing layoff plans, citing an inability to raise funding and the future uncertainty relating to the availability of government subsidies. Now, it appears the Hyzon board of directors has unanimously voted to dissolve the company and liquidate its assets (pending shareholder approval).
Unanimously approved, subject to stockholder approval, the transfer of all or substantially all of the Company’s assets through an assignment for the benefit of creditors, and the liquidation and dissolution of the Company pursuant to a plan of dissolution while continuing to pursue strategic alternatives and potential funding sources intended to maximize the value of its business and assets.
If Hyzon is unable to find a buyer or an patient, bullish customer soon, expect all of Hyzon’s staff at its Bolingbrook, Illinois and Troy, Michigan facilities to be laid off by the end of February 2025.
Data scientists at General Motors (GM) are using AI and machine learning to pinpoint ideal EV charging station locations across the US.
As EV sales hit record highs for GM in 2024, many drivers are still unsure where to charge their vehicles. To tackle this, GM has partnered with EVgo and Pilot Travel Centers to boost public charging options and improve the overall charging experience.
Partnerships with EVgo and Pilot Travel Centers
GM and EVgo are working together to install 2,850 DC fast charging stalls nationwide. This includes 400 flagship fast-charging locations in major metro areas with 350 kW chargers for ultra-fast charging. These stations feature pull-through layouts for easier vehicle maneuvering, bright lighting for safety, and canopies to protect against the elements.
Additionally, GM has teamed up with Pilot Flying J and EVgo to add up to 2,000 DC fast chargers at 500 Pilot and Flying J travel centers. So far, more than 130 locations are operational.
Using AI to site EV charging stations
To ensure new charging stations are sited where they’ll have the most impact, GM’s data scientists are tapping into artificial intelligence. AI tools analyze EV traffic patterns, driver behaviors, and existing infrastructure to identify optimal locations for chargers.
By treating site selection as a mathematical optimization problem, these algorithms evaluate factors like traffic flow and proximity to other chargers. The results are then visualized on detailed maps, helping stakeholders understand the reasoning behind each recommendation. Human experts review and refine these suggestions to finalize charging site plans.
Once the data-driven decisions are made, GM works with its partners to bring these strategic charging stations online.
This approach blends advanced technology with industry collaboration to tackle one of the most significant hurdles for EV adoption, ensuring drivers have the confidence to make the switch.
What do you think about the use of AI to site EV charging stations? Let us know in the comments below.
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