Mint!!! No Resereve Highway Miles Super Clean Like New!! Like A Baby! on 2040-cars

Auto blog

Volvo blames EU tariffs as it lowers its 2024 sales forecast

STOCKHOLM — Volvo Cars cut its full-year retail sales forecast on Thursday, blaming European tariffs on EVs made in China that will hit one of the Swedish automaker's key electric models until it shifts production to Belgium. While reporting better than expected second-quarter results that sent its shares up 6% in morning trade, Volvo lowered its forecast for sales growth this year to 12%-15%, down from 15%. "It's really driven by tariffs," CEO Jim Rowan told Reuters. "It's a short-term issue for us, but it is an issue and we're just going to have to deal with that." Rowan said that while Volvo still hoped for 15% growth, it was now providing a range given the uncertainty. "We wanted to put a floor on that for the markets to say we're still going to grow but there are some headwinds," he said. Earlier this month, the EU announced provisional tariffs of up to 37.6% on imports of EVs made in China, saying they benefited from unfair subsidies — an allegation Beijing rejects. Volvo is majority-owned by China's Geely and faces a 19.9% tariff on its Chinese-made fully-electric EX30. Rowan said the Swedish automaker faced a "minimum of six months" of tariffs until it moves EX30 production to Belgium, which is expected to start early next year. Volvo said the main ramp-up of EX30 production at its factory in Ghent was expected during the second half of 2025. Bernstein analysts said in a note that the new sales guidance was "sensible given todayÂ’s macroeconomic situation." Major automakers have seen slowing demand for EVs, driven in part by a lack of affordable models and the slow rollout of charging points. Meanwhile, U.S. and European automakers have reported strong sales of hybrids, and are rolling out more such models to meet demand. Volvo said it saw a "modest decline" in orders for fully electric models in the second quarter, but noted "demand for hybrid cars remains very strong". "We will continue to invest in this line-up and these cars form a solid bridge for our customers not yet ready to move to full electrification," Rowan told analysts in a conference call. Volvo produced 211,900 cars in the second quarter, more than it sold amid the decline in European demand for EVs. Its operating income, which includes its stake in loss-making Polestar, rose to 8 billion crowns ($758 million) from 5 billion crowns a year earlier. That topped the 6.7 billion crowns expected by analysts, LSEG data showed.

Volvo EX30 due out in June 2023 as entry-level electric crossover

Volvo will expand its range towards the bottom when it presents an entry-level electric crossover called EX30 in June 2023. The company isn't ready to show us the soft-roader's full design yet, but it released a preview video that gives us a better idea of what to expect from it. "Something small is coming," Volvo wrote in a statement. While that's not a lot to go on, it suggests — but doesn't confirm — that the EX30 will slot below the XC40 in terms of size. We've seen it parked next to the EX90 and it looks considerably smaller; it rides on a much shorter wheelbase and features a relatively small rear overhang that creates a boxy silhouette characterized by an almost upright rear end. Many of the styling cues that define Volvo's current design language seem to appear on the EX30. Its front end wears T-shaped LED daytime running lights (called Thor's Hammer in the company jargon) inspired the EX90's, while its rear end features a new interpretation of the upright lights that Volvo has fitted to many of its cars over the past few decades — including the C30, which was its last 30-branded car. Technical details haven't been announced. All we know is that the EX30 will be all electric, all the time; it won't be available with a gasoline-powered engine. An unverified report claims that the city-friendly model will share its Sustainable Experience Architecture (SEA) platform with the Smart #1, among other models, and Volvo boss Jim Rowan said the crossover will deliver a "decent range." Using the SEA platform will allow Volvo to offer rear- and all-wheel drive as well as several battery options, though the lineup will vary from market to market. The Volvo EX30 will make its debut on June 7, 2023, at 1:30 p.m. European time, which is 7:30 a.m. in New York and — sorry, West Coast folks — 4:30 a.m. in California. We'll learn more about it in the coming weeks, and sales will start on the day of the unveiling. If the report is accurate, the EX30 will be built in China. Volvo confirmed to Autoblog that the model will be sold in the United States. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Embrace one-pedal driving in EVs and PHEVs

I just came back from a trip out to California, where I was able to drive the new 2022 Volvo XC60 Recharge in its new extended-range form (you’ll find that review on Autoblog tomorrow). One of the newly-added headline features for this plug-in hybrid SUV is true one-pedal driving. This is one-pedal driving in a PHEV, not a full battery electric vehicle, and as of now, one-pedal driving in PHEVs is exceedingly rare. Other plug-ins may offer levels of braking regeneration, but one-pedal driving is typically a feature reserved for full EVs. Adding the feature to the Volvo is a huge boost to the driving experience for me, and I sincerely hope we see it in even more PHEVs soon. In case youÂ’re new to the one-pedal driving game, hereÂ’s a quick explainer. ItÂ’s called “one-pedal” because most of the time, youÂ’re only using one pedal to accelerate and decelerate. Press in to accelerate; let off evenly and gently to decelerate via regenerative braking. The trick at the end is in slowing down the final few mph and bringing the car to a stop smoothly, which typically requires some practice and time spent figuring out how best to modulate the throttle pedal. Once youÂ’re stopped in a car with one-pedal driving, it should hold itself in place when you have your foot off the throttle, allowing you to relax your legs at lights. Applying pressure to the brake pedal would be unnecessary so long as traffic doesnÂ’t necessitate quicker deceleration than what the car is capable of via letting off on the throttle. The point, of all of the above, is that one-pedal driving in an EV or PHEV simply makes driving easier. Once you learn the car, not having to swap back and forth between the throttle and brake pedals makes stop-and-go traffic (or any kind of driving) a lot more relaxing to manage. The point of this story is to call out the lack of this feature in some EVs and nearly all PHEVs. Some of you may have already hit the comments to voice your disdain for one-pedal driving, but do note, while IÂ’m advocating for the feature to be present in all EVs, IÂ’m not advocating for it to be a required always-on feature. In fact, you should be able to turn it off and on at your whimsy. Many car manufacturers already offer one-pedal driving in their EVs, but companies like VW, Audi, Porsche and to a certain extent, Mercedes, do not. This is slightly irritating, mostly because those companies make some of the most desirable EVs on the market today.