Volvo flew us to Newport Beach, California, to test its new EX90 7-seat AWD SUV. For many people, including my family, this is the holy grail of EVs. It is part electric luxury sports sedan, part four-wheel-drive off-roader and trailer hauler, and most importantly, part minivan.
How well do these come together? Let’s see…
Volvo EX90 appearance
The EX90 is unmistakenly a Volvo with the signature electric closed grill at the front and Thor’s hammer headlights. The rear is more subdued and could be mistaken for a traditional Volvo XC90 or similar. The vehicles they had us in were either sandstone tan or gray which felt stately but muted.
The front hump at the top of the windshield may seem like it is paying homage to London taxis or stealth police vehicles, but it is, in fact, the housing for Volvo’s very high-tech Lidar safety and eventually self-driving system.
There’s also a “Volvo for Life” tagline underneath, proudly displaying Volvo’s commitment to safety. Is it a little much? Perhaps.
Volvo, more than any other carmaker, is proud of its safety features and seems to want to show them off rather than hide them. See also: those yellow 3-point seat belts in other models, which the company invented and shared freely with the rest of the industry. They’ve saved countless lives, and Volvo expects its Lidar system to do the same.
I think the EX90 has the perfect stance between sedan and SUV, allowing for a good ride height for visibility and mild off-roading but not so far off the ground that handling and turns are too compromised.
High marks all around on outward appearance. But is the EX90 just good looks on the outside? Let’s look inward.
We got to sit in two different interiors, a synthetic leather and recycled cloth. Both exuded Volvo’s spartan luxury feel – not cluttered at all but also not Tesla minimalist either. The four main seats were more than comfortable in over three hours of driving and, my word, this vehicle is quiet and smooth. If you aren’t driving, prepare to nod off.
The third row is a little bit of a compromise and you can probably see why the Polestar 3, built on this same platform, only comes in a 5-seat configuration. Jamie at about 6′ tall found it to be quite uncomfortable unless moving the middle row seats up. This would be mostly for children or quick airport or school runs, not for seven adults on a road trip. We later got to see the 6-seat configuration with two middle row captain’s chairs (including armrests ahem Tesla Model X) which made the 3rd row significantly less cramped. I think the 6-seat option is where I’d go on this car.
Even with the 3rd row seats up you have two rows of grocery room in the back and there’s room under the false floor for more permanent items. It is a good thing too because the “frunk” is small and hard to get to (boo!). We’d like to see some smarter packaging up front to enable a deeper, more accessible frunk.
With the 3rd row down, you’ve got some massive storage space and still room for 5 people.
About that second-row middle seat, though: It sits higher, is firmer/less comfortable with a folded armrest in your back, and, to me, is another reason to go with the 6-seat configuration.
The EX90 center stack runs on Android for Automotive, which means you will get a very Google-centric experience. That, in my usage, is fantastic. Volvo, unlike some other automakers, decided to keep access to Apple’s wireless CarPlay open so that you can run iOS over Google’s OS. Many folks will just use the built-in Google Maps, which also shows up on the fantastic heads-up display. Google’s OS has many, if not all, of the apps you’d use on your iPhone, so it becomes a little bit redundant, but Volvo was adamant about giving their customers a choice here.
The 360 camera was solid all around but sometimes made for some interesting interpreted obstacles (see above). Overall, however, it was certainly helpful in navigating close and unfamiliar territory.
The Volvo EX90 Drive
The most unique aspect of the car was the drive performance, and it was certainly rewarding. With its electric motors and insulated interior, the drive was the quietest I can remember taking in recent years. Add to that the smooth, vibration-free feel of the road, comfy and vented seats, and the fantastic assisted handling, and it felt like a $100K+ Mercedes to drive. Torque vectoring brings incredible ease and confidence to curves. Great visibility is confidence-inspiring and inspiring, as is that Lidar-enhanced safety suite.
However, the performance of the motors was somewhat muted. Talking to engineers at the event, they admitted that they softened the acceleration on purpose here, though it isn’t certain if it was for drive quality, keeping parts from wear, or what. Jamie and I both railed on them, noting that their half-the-price EX30 is somehow over a second quicker to 60mph, and it is a better experience to have your foot deciding the speed, not some computer algorithms.
Still, 4.7 seconds 0-60 is respectable, and the Polestar 3, which is the same SPA platform drivetrain (slightly higher 517 hp), is only .2 seconds faster. I think Volvo could do better here but whenever I talk about speed, Volvo comes back with “safety” and I guess I get it.
Depending on what tire size you pick, the EX90 will get you somewhere north of 300 miles of range, which I think is the sweet spot for vehicles like this. Rivian’s R1S offers more range but at much bigger battery/higher price points. Tesla Model X offers more range on paper, but in reality, is often less than 300 miles. Kia’s EV9 is going to be similar.
Bidirectional Charging is a big hit
While this will go under the Lidar (lol) for some, Volvo really amped up the vehicle’s ability to power homes. Rather than the ~2kW many cars have, the Volvo can put out up to 20kW of power, meaning houses connected to the Volvo will even be able to be heated and cooled electrically. Here’s a quick demo of some use cases with a DCBEL system connected to the EX90:
Our fast charging experience was lackluster because we were on a busy Electrify America station but we still got a 185kW output with 30% state of charge. Volvo tells us that we can expect speeds up to and over 250kW at the right stations and it takes about 30 mins to take the battery from 10 to 80% or add about 210 miles.
Volvo EX90 wrap up
Volvo’s South Carolina-built EX90 is a big win in my book. Historically, the Rivian R1S and Tesla’s Model X have owned the third-row EV space. Recent newcomers like the Mercedes EQS SUV/BMW iX/Audi Q8 and, on the value end, the Kia EV9 have shaken up the market a bit. But I love the Volvo EX90 because it blends performance, style, luxury, and ride really well. Priced from $80-90K based on trim and before incentives, it is going to be a popular option in this growing space.
There’s no better test of a vehicle than the “Do I want one?” test. Often after reviewing a car, I’m happy to give it back. In this case the EX90 is something I’m following up on and therefore a big win. As a Rivian R1S owner, I often ask myself if I really need a 3-second 0-60, crazy offroading skills, or the last 100 miles of range, which I almost never use. I’d love captain’s chairs in the 2nd row (though I’d miss the fold flat). Most of all, I’d love the smoother, quieter ride and, most of all, the enhanced safety features that the EX90 offers. Like they say, it is all about safety.
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Tesla’s US sales have taken a significant hit in November, dropping to just 39,800 units according to new data. This comes as the market adjusts to the expiration of the federal tax credit, despite Tesla’s attempt to mitigate the blow with more discounts.
Since the federal EV tax credit expired at the end of September, the US electric vehicle market has been in a bit of a turmoil. We expected a hangover period after the rush to buy in Q3, but the numbers for November are stark.
According to new estimates from Cox Automotive (via Reuters), Tesla sold approximately 39,800 vehicles in the US in November.
That represents a roughly 23% drop compared to the 51,513 vehicles delivered in November 2024. It is also reportedly Tesla’s lowest monthly sales volume in the US since January 2022.
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It’s important to note that Tesla doesn’t release monthly sales numbers and therefore, those are estimates based on data collected by Cox.
The drop comes despite Tesla’s best efforts to stimulate demand. Following the expiration of the $7,500 federal tax credit, the automaker launched new “Standard” range versions of the Model 3 and Model Y in October, priced roughly $5,000 lower than the previous base models to offset the loss of the incentive.
Those vehicles are expected to start more meaningfully contributing to sales next year.
However, Cox Automotive suggests this strategy could have a minimal impact. Stephanie Valdez Streaty, Cox’s director of industry insights, noted:
“The drop certainly shows there is not enough demand for the Standard variants that were supposed to boost sales after the tax credit expiry. What’s also happening is Standard sales are cannibalizing into sales of Premium versions, especially the Model 3.”
While a 23% drop looks bad on paper, it is worth noting that Tesla is actually weathering the storm better than the rest of the EV market.
Overall US EV sales reportedly plummeted by over 41% in November. Because Tesla’s decline was less severe than its competitors, the company actually saw its market share increase to 56.7%, up from 43.1% a year ago.
Most other automakers relied heavily on the tax credit to move their electric inventory, and without it, they are seeing demand evaporate much faster than Tesla.
Electrek’s Take
It’s sad to see. Elon Musk, Tesla’s CEO, pushed for this to happen, and he always said that he believed Tesla would fare better than other automakers without the tax credit. He was right. The sad part is that it goes completely against Tesla’s mission to accelerate the advent of electric transportation.
Tesla used US incentives as a ladder to reach volume production, and as soon as it did, it pulled the ladder behind it so others couldn’t use it.
What a shame.
And all for what? To be a bigger fish in a smaller pond? Because that’s only going to work in the US. In Europe and China, Tesla’s sales are declining, while other automakers’ EV sales are surging.
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Shoppers purchase groceries at the upscale LuLu Hypermarket located in the Lulu International Shopping Mall in Kerala, India, on May 25, 2022.
Nurphoto | Nurphoto | Getty Images
India’s consumer inflation rose to 0.71% in November, accelerating from an all-time low of 0.25% in the prior month.
The headline inflation number was in line with estimates of a 0.70% rise in the consumer price index, according to a Reuters poll of economists’ median estimates.
The rise in consumer inflation was due to rises in the price of vegetables, eggs, meat and fish, spices and fuel, the government said in its Friday release, adding that fuel and light prices rose 2.32% in November compared to 1.98% in October.
Inflation also rose in both urban and rural areas.
Low inflation environment, coupled with the weakening of some key economic indicators, led India’s central bank to cut its policy rates by 25 basis points last week, allowing it to boost the country’s already strong economic growth.
The Reserve Bank of India expects consumer inflation at 2% for fiscal year ending March 2026, down from 2.6% forecast in October. It estimates CPI at 2.9% in the three months to March, rising to 4.0% in the quarter ending September 2026.
“The growth-inflation balance, especially the benign inflation outlook on both headline and core, continues to provide the policy space to support the growth momentum,” the central bank said last week after its monetary policy meeting.
Low inflation outlook has allowed the central bank “to remain growth supportive,” RBI Governor Sanjay Malhotra said, adding that the central bank will “continue to meet productive requirements of the economy in a proactive manner.”
Experts are divided on whether the 25-basis-point cut will be the last in this easing cycle or the RBI could ease further, given Malhotra’s “dovish” signals.
“We believe weaker growth down the line, low for long inflation, and tight fiscal policy may require growth supportive monetary policy in 2026 as well,” HSBC Research said in a report last week, post the monetary policy announcement.
In August, the U.S. imposed an additional 25% tariff on Indian imports, raising total duties to as high as 50%, among the steepest imposed by Washington on its trading partners, with textiles, gems and jewelry, and marine products being hit the hardest.
While exports to the U.S. account for just about 2% of India’s GDP, a prolonged weakness in those labor-intensive sectors could lead to job losses and weigh on overall growth.
To cushion the blow, New Delhi rationalized its goods and services tax regime, reducing levies on several items on Sept. 22, to spur domestic demand ahead of a month-long festive season. The tax cuts led to reduced prices for consumer goods, vehicles, and farm products, boosting consumption.
While consumption picked up, exports to the U.S., one of India’s major trading partners, fell for a second straight month in October, sliding 8.5% from a year earlier to $6.3 billion. Overall, outbound shipments in October also dropped 11.8% to $34.38 billion.
With no deal between New Delhi and Washington in sight, in the last few days, and a drop in exports, the Indian rupee has been hitting record lows against the dollar, and was trading below the 90-rupee-per-dollar mark on Friday.
EV and battery supply chain research specialists Benchmark Mineral Intelligence reports that 2.0 million electric vehicles were sold globally in November 2025, bringing global EV sales to 18.5 million units year-to-date. That’s a 21% increase compared to the same period in 2024.
Europe was the clear growth leader in November, while North America continued to lag following the expiration of US EV tax credits. China, meanwhile, remains the world’s largest EV market by a wide margin.
Europe leads global growth
Europe’s EV market jumped 36% year-over-year in November 2025, with BEV sales up 35% and plug-in hybrid (PHEV) sales rising 39%. That brings Europe’s total EV sales to 3.8 million units for the year so far, up 33% compared to January–November 2024.
France finally returned to year-to-date growth in November, edging up 1% after spending most of 2025 in the red following earlier subsidy cuts. The rebound was led by OEMs such as the Volkswagen Group and Renault, a wider selection of EV models, and France’s “leasing social” program, aimed at helping lower-income households switch to EVs.
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Italy also posted a standout month, logging record EV sales of just under 25,000 units in November. The surge followed the launch of a new incentive program designed to replace older ICE vehicles. The program earmarks €597.3 million (about $700 million) in funding for the replacement of around 39,000 gas cars.
The UK expanded access to its full £3,750 ($4,400) EV subsidy by adding five more eligible models: the Nissan Leaf (built in Sunderland, with deliveries starting in early 2026), the MINI Countryman, Renault 4, Renault 5, and Alpine A290.
US market slows after federal tax credit’s premature death
In North America, EV sales in the US did tick up month-over-month in November, following a sharp October drop after federal tax credits expired on September 30, 2025. Brands including Kia (up 30%), Hyundai (up 20%), Honda (up 11%), and Subaru (232 Solterra sales versus just 13 the month before) all saw gains, but overall volumes remain below levels when the federal tax credit was still available.
Policy changes aren’t helping. In early December, Trump formally “reset” US Corporate Average Fuel Economy (CAFE) standards, lowering the required fleetwide average to about 34.5 mpg by 2031. That’s a steep drop from the roughly 50.4 mpg target under the previous rule. Automakers can now meet the standard largely through gas vehicles, reducing pressure to scale BEVs and PHEVs.
Those loosened rules are already reflected in investment decisions, such as Stellantis’ $13 billion plan to expand US production by 50%, with a heavy focus on ICE vehicles. Earlier this year, Trump’s big bill set fines for missing CAFE targets to $0, further weakening the incentive for OEMs to electrify.
That’s some foolish policymaking, considering the world reached peak gas car sales in 2017. The US under Trump will be left behind, just as it will be with its attempts to revive the coal industry.
China still dominates, exports surge
China remains the backbone of global EV sales, even as growth slows. The Chinese market grew 3% year-over-year and 4% month-over-month in November. Year-to-date, EV sales in China are up 19%, with 11.6 million units sold.
One of the biggest headlines out of China is exports. BYD reported a record 131,935 EV exports in November, blowing past its previous high of around 90,000 units set in June. BYD sales in Europe have jumped more than fourfold this year to around 200,000 vehicles, doubled in Southeast Asia, and climbed by more than 50% in South America.
Global snapshot
Global EV sales from January to November 2025 vs January to November 2024, YTD %:
Global: 18.5 million, +21%
China: 11.6 million, +19%
Europe: 3.8 million, +33%
North America: 1.7 million, -1%
Rest of World: 1.5 million, +48%
The takeaway: EV demand continues to grow worldwide, but policy support – or the lack thereof – is increasingly shaping where this growth shows up.
“Overall, EV demand remains resilient, supported by expanding model ranges and sustained policy incentives worldwide,” said Rho Motion data manager Charles Lester.
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