Volvo Postpones U.S. Deliveries of EX30 Electric Vehicle

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Volvo Cars has announced a suspension of U.S. deliveries for its EX30 electric vehicle, focusing on boosting production.
Volvo Cars has announced a suspension of U.S. deliveries for its EX30 electric vehicle, focusing on boosting production.

Volvo Cars has announced a postponement of U.S. deliveries for its EX30 electric vehicle, shifting focus to expanding production of the compact SUV outside China.

A company spokesperson confirmed on Wednesday that this move comes in response to recent tariff hikes on exports from China.

Delay in U.S. Sales:

Volvo initially planned to begin selling the EX30 in the United States later this year. However, a spokesperson told Reuters that deliveries will now commence in 2025. This delay is partly due to the U.S. government introducing tariffs exceeding 100% on Chinese electric vehicle imports.

Tariff Hikes on Chinese Imports:

Last month, U.S. President Joe Biden announced significant tariff increases on Chinese imports, including more than a 100% tariff on EVs, up from the previous 27.5%.

In response, the European Commission also announced extra duties of up to 38.1% on imported Chinese electric cars starting in July. This move risks retaliation from Beijing, which has indicated it will take measures to protect its interests.

Production Expansion Plans:

Volvo, a Swedish luxury brand owned by China’s Geely, started building the EX30 in Zhangjiakou, China.

Last year, the company announced plans to expand production of the small electric SUV to a plant in Belgium starting in 2025.

The Volvo spokesperson highlighted that the Belgium plant primarily serves North American and European markets.

James Adam

James Adam, a noted business writer for CEO Times Magazine, specializes in insightful industry analysis and executive profiles. Known for his clear, concise style, James offers readers an expert perspective on global business trends and market dynamics.

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