Sad news today for those awaiting Volvo's new EX30. The electric SUV is coming to market with attractive pricing . But the Swedish automaker has announced that it’s delaying its arrival in U.S. by a year. Instead of hitting the market here before the end of this year, the EX30 won’t surface until sometime in 2025.
At the heart of the decision for the U.S. is the fact that the model is currently built in China. The U.S. recently announced a dramatic increase in tariffs on large EVs from China, which would mean the pricing of the EX30 would have to jump. Meanwhile, the Canadian government announced this week a 30-day consultation to study the possibility of increasing tariffs on Chinese electric vehicles. If that happens, we could see a similar postponement here.
"We remain committed to introducing the EX30 in the U.S. and are working hard to get it into customers' hands. It remains a cornerstone of Volvo's ongoing strategic transformation and reflects our ambition to build vehicles where we sell them, as much as possible." Currently, the EX30 is sold in European markets.
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