Summary
Volvo introduced the EX60, a new electric SUV designed for the U.S. market, aimed at meeting consumers' expectations on range, charging speed, and price. Despite a drop in electric vehicle (EV) sales in late 2025, overall EV sales in the U.S. remained strong, and Volvo's electric vehicle sales grew significantly. Volvo plans for most of its vehicle sales to be electric or hybrid by 2030.
Key Facts
- Volvo launched the EX60, a new electric SUV, in the U.S.
- U.S. sales of electric vehicles dropped in the fourth quarter of 2025.
- 2025 was the second-best year for EV sales in the U.S.
- Volvo's electric vehicle sales in the U.S. grew by 91% in 2025 compared to the previous year.
- The new EX60 SUV can travel up to 400 miles on a single charge and adds 173 miles in 10 minutes of charging.
- The EX60 is priced around $60,000, making it competitive with plug-in hybrids.
- Volvo's goal is to have 90-100% of its sales be electrified vehicles, including plug-in hybrids and full electrics, by 2030.
