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Monday, May 1, 2023

Volvo EX90 electrical SUV already bought out for its first yr

The 2024 Volvo EX90 continues to be a couple of months away from the beginning of deliveries, however the electrical SUV is already bought out for its first yr of manufacturing.

Volvo confirmed this in a press launch detailing its first-quarter 2023 monetary outcomes, though it did not disclose what number of automobiles could be constructed within the first-year manufacturing run, solely saying that buyer curiosity has surpassed inside projections.

2024 Volvo EX90

2024 Volvo EX90

“Because of this, Volvo Vehicles has closed the order guide in the intervening time as a result of the primary scheduled manufacturing run is bought out,” the corporate stated in a press release, “however it is going to re-open once more quickly.”

Unveiled in November 2022 as an electrical counterpart to the three-row XC90 SUV, the EX90 shares the brand new Sustainable Electrical Structure (SEA) with the upcoming Polestar 3, and is slated to be constructed at Volvo’s South Carolina manufacturing facility. Volvo beforehand stated that plant would be the first to go-all electrical, with all factories transitioning to creating solely EVs by 2030.

2024 Volvo EX90

2024 Volvo EX90

Total Volvo EV gross sales have additionally been fairly robust. In Q1 2023, 18% of Volvo’s automobile gross sales are EVs—up from 8% in Q1 2022, the corporate reported. Within the U.S., Volvo not too long ago reported that its Recharge automobiles—which means EVs and plug-in hybrids mixed—make up 26% of gross sales. However as Volvo factors out, its whole U.S. lineup for 2023 is now gentle hybrid, plug-in hybrid, or EV.

The one two all-electric Volvo fashions at the moment on sale are the XC40 Recharge and its coupe-like sibling, the C40 Recharge. Each get a vary increase, and can pivot to rear-wheel drive, for the 2024 mannequin yr (dual-motor all-wheel drive has been obtainable all through, however the present/earlier single-motor variations have been front-wheel drive). On the EX90’s unveiling final yr, Volvo additionally confirmed one other, smaller electrical SUV to be unveiled in 2023.

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