Volvo EV switch to double throughput
02 March 2022
Volvo has told US retailers its focus on EVs will double average throughput to 800 vehicles a year by 2025 – bringing “significant profit ramifications”.
The Swedish firm revealed five electric and two plug-in hybrid vehicles to retailers, with the new product “onslaught” beginning in 2023.
“Volvo is one of the most exciting manufacturers,” said one retailer after the Miami presentation. It is “nailing” the product mix by focusing on crossovers, electrification and technology.