Volvo charging on with electric swap despite slowing demand

8 February 2024, 12:49 pm

Same Day Printing
Volvo charging on with electric swap despite slowing demand
Image: CarExpert
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Volvo charging on with electric swap despite slowing demand
Image: CarExpert

AutoExec Summary
Volvo CEO Jim Rowan is confident in the brand’s premium positioning despite concerns about declining electric vehicle demand. Volvo plans to go fully electric by 2030 globally and by 2026 in Australia. While US EV demand is dropping, Australian EV sales are on the rise. Volvo already has two EVs in Australian showrooms and plans to launch two more by the end of 2024.

Brands mentioned: Volvo, Tesla

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