Volvo Delays U.S. Delivery of EX30 Budget Electric Vehicle Until 2025
Volvo has officially announced its decision to postpone the U.S. delivery of the EX30 budget compact electric vehicle (EV) until 2025, as the company shifts production from China to Belgium. Previously expected to launch this summer in the U.S. market at a price point of around $35,000, the company has now confirmed a delay.
Recent U.S. tariff increases on Chinese imports and other nations have prompted Volvo to make this strategic production move. The EX30 is projected to achieve a gross profit margin of 15 to 20 percent, and the Ghent factory in Belgium is anticipated to start producing its own battery modules.
Volvo aims to introduce the EX30 in the U.S. between early and late 2025, as stated in an email communication to customers. The automaker remains dedicated to bringing the EX30 to the U.S. market, emphasizing its commitment to meeting customer demand for the compact EV.
While already in delivery in Europe from its Zhangjiakou production facility in China, Volvo’s decision to delay the U.S. launch signifies a strategic shift in response to global automotive market dynamics and tariff implications.