Volvo Delays US Launch of EX30 Due to Tariffs on Chinese EVs
Volvo’s highly anticipated EX30, which has received rave reviews in Europe, will not be making its way to American shores until 2025. Originally set for a fall debut, the SUV’s launch has been postponed due to the new tariffs imposed on Chinese EVs.
Reasons for Delay
- The SUV was initially scheduled to debut in the US this fall but will now be delayed until 2025.
- Production of the EX30 will be moved from China to Belgium to avoid the impact of the new tariffs.
- The Biden administration introduced 100 percent tariffs on Chinese EVs in April, making it financially unfeasible to import the vehicles into the US.
Impact on Customers
American customers eagerly awaiting the arrival of the Volvo EX30 will have to wait until next year to get their hands on the electric SUV. The delay is a result of the shifting production location and the need to optimize operations in light of the new tariffs.
Price Adjustments Expected
With the delay in launch, it is likely that prices for the US-market EX30 will see an increase by the time it finally reaches American dealerships. The entry-level Core Single Motor variant is currently listed at $36,245, with an option to upgrade to an AWD Twin Motor variant for an additional $10,000.
Production Shift to Belgium
Moving production to Belgium will allow Volvo to bypass the new tariffs on Chinese EVs set to take effect in Europe. While the EX30 is already available in Europe, Volvo will have to absorb the tariffs for a year until negotiations between China and the EU potentially lead to a resolution.
Challenges Faced by EX30 Team
In addition to the tariff-related delays, Volvo’s EX30 team has had to address a software bug issue that led to a recall of every vehicle due to a faulty digital speedometer. These challenges have added to the complexities faced by Volvo in bringing the EX30 to market.
