New Volvo EX90 orders exceeds expectations

[Rob]

Volvo’s commitment to a cleaner future is paying off. In the first three months of the year, the automaker sold over 30,000 battery electric vehicles (BEVs), representing 18% of its total car sales. In comparison, Volvo’s EV sales accounted for only 8% in the first quarter of 2022.

The first production run for the electric SUV, which received its global launch last year, has sold out and the firm said orders surpassed its "most ambitious internal projections". Earlier, Volvo said the car had been taken off sale, but it remains available to order in the UK.

Jim Rowan, CEO of Volvo Cars, explained in the company’s first-quarter earnings release why its closing EX90 orders:

I feel proud that the customer response to that car has surpassed our boldest and most ambitious ambitious internal projections. As a result, we have now had to close the order book for the time being because the model year is sold out.

He added that Volvo will open orders for the EX90 again soon.

Earlier this year, Volvo CEO Jim Rowan told Autocar the EX90 would initially enter production in very small numbers ahead of sales beginning in 2024. He added that the firm's flagship SUV “blew through those targets for pre-orders” and that it “top and tails the range” with the smaller Volvo EX30, which will join it on the production line later this year.